Babcock (NYSE:BW) Receives Average Rating of “Hold” from Analysts

Shares of Babcock (NYSE:BW) have been given an average rating of “Hold” by the seven research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $15.40.

BW has been the subject of a number of research reports. Weiss Ratings raised shares of Babcock from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Northland Securities set a $23.00 target price on Babcock in a research report on Tuesday, May 12th. Needham & Company LLC started coverage on Babcock in a research report on Monday. They issued a “buy” rating and a $20.00 target price for the company. Finally, Wall Street Zen downgraded Babcock from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd.

Babcock Stock Performance

Shares of Babcock stock opened at $7.12 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.45 and a debt-to-equity ratio of 4.21. Babcock has a 52 week low of $1.97 and a 52 week high of $22.03. The firm’s 50 day moving average is $9.84 and its two-hundred day moving average is $13.46. The firm has a market capitalization of $1.06 billion, a P/E ratio of -39.55 and a beta of 1.19.

Babcock (NYSE:BW) last issued its quarterly earnings data on Monday, August 10th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. Babcock had a negative net margin of 2.17% and a negative return on equity of 4.51%. The business had revenue of $319.69 million during the quarter, compared to the consensus estimate of $196.95 million. Research analysts forecast that Babcock will post 0.27 EPS for the current fiscal year.

Insider Buying and Selling at Babcock

In other Babcock news, Director Philip Moeller bought 5,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were acquired at an average cost of $9.50 per share, for a total transaction of $47,500.00. Following the completion of the transaction, the director owned 240,809 shares in the company, valued at approximately $2,287,685.50. The trade was a 2.12% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.80% of the company’s stock.

Institutional Trading of Babcock

Large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its position in Babcock by 57.3% during the 1st quarter. Royal Bank of Canada now owns 1,785 shares of the technology company’s stock worth $26,000 after purchasing an additional 650 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Babcock in the fourth quarter valued at about $25,000. Huntington National Bank boosted its stake in shares of Babcock by 400,000.0% during the fourth quarter. Huntington National Bank now owns 4,001 shares of the technology company’s stock worth $25,000 after buying an additional 4,000 shares during the period. State of Wyoming grew its holdings in shares of Babcock by 88.7% during the fourth quarter. State of Wyoming now owns 10,499 shares of the technology company’s stock worth $67,000 after buying an additional 4,936 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in shares of Babcock during the third quarter worth about $31,000. Institutional investors and hedge funds own 83.17% of the company’s stock.

About Babcock

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.

In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.