Babcock (NYSE:BW) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Babcock has a consensus “Hold” rating from seven analysts, with four buys, two holds and one sell. The average 12-month price target is $15.40, while Needham initiated coverage with a $20 target and a buy rating.
• The stock opened at $5.74 and has declined 8.4%, trading well below its 50-day and 200-day moving averages. Babcock reported quarterly EPS of $0.04 versus expectations of $0.02 and revenue of $319.72 million, ahead of the $196.95 million estimate.
• Director Philip Moeller purchased 5,000 shares at an average $9.50 per share, while institutional investors own 83.17% of the company’s stock.

Babcock (NYSE:BW - Get Free Report) has earned a consensus rating of "Hold" from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.40.

Several brokerages recently weighed in on BW. Weiss Ratings upgraded shares of Babcock from a "sell (d-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Needham & Company LLC began coverage on shares of Babcock in a research note on Monday, August 31st. They set a "buy" rating and a $20.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Babcock from a "buy" rating to a "hold" rating in a report on Sunday, August 23rd.

Babcock Stock Down 8.4%

NYSE:BW opened at $5.74 on Tuesday. The company has a market cap of $855.63 million, a PE ratio of -31.91 and a beta of 1.19. The company has a current ratio of 1.45, a quick ratio of 1.33 and a debt-to-equity ratio of 4.21. Babcock has a twelve month low of $2.70 and a twelve month high of $22.03. The company's 50 day moving average is $8.27 and its two-hundred day moving average is $13.07.

Babcock (NYSE:BW - Get Free Report) last issued its earnings results on Monday, August 10th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. Babcock had a negative return on equity of 4.51% and a negative net margin of 2.17%.The company had revenue of $319.72 million during the quarter, compared to analyst estimates of $196.95 million. Analysts anticipate that Babcock will post 0.27 EPS for the current year.

Insider Transactions at Babcock

In other Babcock news, Director Philip Moeller purchased 5,000 shares of the stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $9.50 per share, with a total value of $47,500.00. Following the completion of the acquisition, the director owned 240,809 shares in the company, valued at $2,287,685.50. This trade represents a 2.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Babcock

Institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Babcock in the second quarter worth about $25,000. Royal Bank of Canada raised its position in Babcock by 57.3% during the first 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 in the last quarter. Rockefeller Capital Management L.P. purchased a new position in Babcock during the fourth quarter valued at approximately $25,000. Huntington National Bank lifted its holdings in Babcock by 400,000.0% in the fourth quarter. Huntington National Bank now owns 4,001 shares of the technology company's stock valued at $25,000 after acquiring an additional 4,000 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in Babcock in the first quarter valued at approximately $162,000. Hedge funds and other institutional investors own 83.17% of the company's stock.

Babcock Company Profile

Babcock & Wilcox Enterprises, Inc NYSE: BW is an energy and environmental technology company that provides equipment, technologies and services for power generation and industrial applications. The company serves utilities, industrial operators and other customers seeking to generate energy, improve operating efficiency and reduce emissions.

Its offerings include steam generation systems, boilers, replacement parts, maintenance and engineering services, as well as technologies for controlling air pollution and managing solid waste.

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