Babcock (NYSE:BW) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Babcock, with one sell, two hold, and three buy recommendations. The average 12-month price target is $14.25.
• Babcock shares opened at $9.33 and were trading below their 50-day and 200-day moving averages. The company reported a quarterly loss of $0.60 per share, missing estimates by $0.57, despite revenue exceeding forecasts.
• Institutional investors and hedge funds own approximately 83.17% of Babcock’s shares, with several firms recently increasing or initiating positions.

Shares of Babcock (NYSE:BW - Get Free Report) have been given a consensus rating of "Hold" by the six brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $14.25.

BW has been the topic of several research analyst reports. Wall Street Zen downgraded Babcock from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Babcock in a research note on Friday, July 17th. Finally, Northland Securities set a $23.00 target price on Babcock in a report on Tuesday, May 12th.

Babcock Trading Down 0.4%

Shares of NYSE:BW opened at $9.33 on Monday. The company has a 50 day moving average of $12.93 and a 200-day moving average of $13.63. The firm has a market cap of $1.39 billion, a P/E ratio of -10.60 and a beta of 1.22. Babcock has a twelve month low of $1.17 and a twelve month high of $22.03.

Babcock (NYSE:BW - Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The technology company reported ($0.60) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.57). The company had revenue of $214.41 million for the quarter, compared to analyst estimates of $149.72 million. Equities research analysts forecast that Babcock will post 0.31 EPS for the current year.

Institutional Trading of Babcock

Several institutional investors and hedge funds have recently added to or reduced their stakes in BW. Huntington National Bank grew its position in Babcock by 400,000.0% in 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 last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Babcock during the 4th quarter valued at $25,000. Royal Bank of Canada lifted its position in shares of Babcock by 57.3% during the 1st quarter. Royal Bank of Canada now owns 1,785 shares of the technology company's stock valued at $26,000 after acquiring an additional 650 shares during the last quarter. Centiva Capital LP bought a new stake in shares of Babcock during the 3rd quarter worth $31,000. Finally, Raymond James Financial Inc. grew its holdings in shares of Babcock by 11,311.3% in the 3rd quarter. Raymond James Financial Inc. now owns 12,096 shares of the technology company's stock worth $35,000 after acquiring an additional 11,990 shares during the last quarter. 83.17% of the stock is owned by institutional investors and hedge funds.

Babcock Company Profile

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.

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