Analysts Set Babcock (NYSE:BW) Price Target at $14.25

Babcock (NYSE:BW) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.25.

A number of analysts have commented on the company. Wall Street Zen lowered Babcock from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Northland Securities set a $23.00 target price on shares of Babcock in a research note on Tuesday, May 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Babcock in a research report on Monday, April 20th.

Institutional Investors Weigh In On Babcock

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its position in Babcock by 93.0% during the second quarter. Marshall Wace LLP now owns 395,945 shares of the technology company’s stock worth $380,000 after purchasing an additional 190,814 shares during the period. Nomura Holdings Inc. raised its position in shares of Babcock by 58.2% in the second quarter. Nomura Holdings Inc. now owns 127,382 shares of the technology company’s stock valued at $123,000 after purchasing an additional 46,884 shares during the period. Vanguard Group Inc. raised its position in shares of Babcock by 54.3% in the third quarter. Vanguard Group Inc. now owns 4,423,243 shares of the technology company’s stock valued at $12,827,000 after purchasing an additional 1,556,692 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Babcock during the 3rd quarter valued at approximately $74,000. Finally, Legal & General Group Plc purchased a new stake in shares of Babcock during the 3rd quarter valued at approximately $14,086,000. 83.17% of the stock is currently owned by institutional investors.

Babcock Stock Down 1.7%

Babcock stock opened at $9.86 on Thursday. Babcock has a twelve month low of $0.87 and a twelve month high of $22.03. The company has a 50 day moving average of $15.94 and a 200-day moving average of $13.32. The stock has a market capitalization of $1.47 billion, a PE ratio of -11.20 and a beta of 1.16.

Babcock (NYSE:BW) last released its quarterly earnings data on Monday, May 11th. The technology company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.57). The firm had revenue of $214.41 million during the quarter, compared to analysts’ expectations of $149.72 million. Equities analysts anticipate that Babcock will post 0.31 EPS for the current fiscal year.

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.