StockNews.com downgrades Babcock & Wilcox Enterprises (NYSE:BW) to Sell

Babcock & Wilcox Enterprises (NYSE:BW – Get Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Several other equities research analysts recently issued reports on BW. Craig Hallum boosted their price target on shares of Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the stock a “hold” rating in a report on Monday, July 8th. Lake Street Capital reduced their price objective on shares of Babcock & Wilcox Enterprises from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th.

Get the latest report on Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises Stock Performance

Shares of NYSE BW opened at $1.11 on Wednesday. Babcock & Wilcox Enterprises has a 1 year low of $0.75 and a 1 year high of $6.09. The stock’s 50-day moving average is $1.53 and its 200-day moving average is $1.30. The stock has a market cap of $101.02 million, a price-to-earnings ratio of -0.46 and a beta of 1.72.

Babcock & Wilcox Enterprises (NYSE:BW – Get Free Report ) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.12). The company had revenue of $207.60 million for the quarter, compared to the consensus estimate of $226.70 million. On average, analysts expect that Babcock & Wilcox Enterprises will post 0.35 EPS for the current fiscal year.

Institutional investors weigh in on Babcock and Wilcox Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in BW. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in Babcock & Wilcox Enterprises in the fourth quarter valued at $27,000. Tower Research Capital LLC TRC boosted its stake in Babcock & Wilcox Enterprises by 662.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 18,403 shares of the technology company’s stock valued at $27,000 after purchasing an additional 15,990 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Babcock & Wilcox Enterprises in the fourth quarter valued at about $28,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Babcock & Wilcox Enterprises in the first quarter worth about $26,000. Finally, SG Americas Securities LLC raised its stake in Babcock & Wilcox Enterprises by 128.4% during the 4th quarter. SG Americas Securities LLC now owns 70,354 shares of the technology company’s stock valued at $103,000. after acquiring an additional 39,557 shares in the last quarter. Institutional investors and hedge funds own 83.17% of the company’s shares.

Babcock & Wilcox Enterprises Company Profile

(Get a free report)

Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emission control solutions to industrial, electric utility, municipal and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.

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