Babcock (NYSE:BW) Trading Up 8.6% – Should You Buy?

by · The Markets Daily

Babcock (NYSE:BW – Get Free Report) shares rose 8.6% on Tuesday . The stock traded as high as $6.27 and last traded at $6.2450. Approximately 1,205,425 shares changed hands during trading, a decline of 50% from the average daily volume of 2,386,983 shares. The stock had previously closed at $5.75.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BW shares. Wall Street Zen upgraded shares of Babcock from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Craig Hallum raised shares of Babcock from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Babcock in a report on Wednesday, October 8th. DA Davidson upped their price objective on Babcock from $1.50 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Finally, Lake Street Capital reissued a “buy” rating and issued a $9.00 target price on shares of Babcock in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Babcock has a consensus rating of “Hold” and a consensus price target of $7.33.

Get Our Latest Report on Babcock

Babcock Trading Down 1.3%

The company’s fifty day moving average is $4.93 and its 200 day moving average is $2.74. The company has a market capitalization of $692.15 million, a P/E ratio of -4.79 and a beta of 1.37.

Babcock (NYSE:BW – Get Free Report) last issued its earnings results on Tuesday, November 4th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The business had revenue of $149.00 million for the quarter, compared to the consensus estimate of $155.57 million.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BW. Centiva Capital LP bought a new stake in shares of Babcock during the third quarter valued at about $31,000. Raymond James Financial Inc. grew its stake in Babcock by 11,311.3% during the third quarter. Raymond James Financial Inc. now owns 12,096 shares of the technology company’s stock valued at $35,000 after acquiring an additional 11,990 shares in the last quarter. Sender Co & Partners Inc. bought a new stake in Babcock during the 3rd quarter worth approximately $50,000. Platform Technology Partners purchased a new stake in Babcock in the 3rd quarter worth approximately $54,000. Finally, Kathmere Capital Management LLC bought a new position in Babcock in the 3rd quarter valued at $58,000. Institutional investors own 83.17% of the company’s stock.

Babcock Company Profile

(Get Free Report)

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.

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