Media headlines about Babcock (NYSE:BW) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Babcock earned a news impact score of 0.13 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.4243795348071 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- ETFs with exposure to Babcock & Wilcox Enterprises, Inc. : July 18, 2017 (finance.yahoo.com)
- Chicago Equity Partners LLC Raises Stake in Comcast Corporation (CMCSA) (trikkles.com)
- Babcock & Wilcox Enterprises, I (NYSE:BW) Sees Heavy Trading Volume with 1,176K Shares Changing Hands (highlightpress.com)
- Babcock (BW) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
A number of brokerages recently commented on BW. Zacks Investment Research upgraded Babcock from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Monday, July 3rd. Sidoti cut their target price on Babcock from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th. Finally, BidaskClub lowered Babcock from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Babcock has a consensus rating of “Hold” and a consensus target price of $14.80.
Babcock (NYSE:BW) traded up 1.71% during trading on Wednesday, reaching $10.70. The company had a trading volume of 614,568 shares. The company has a 50-day moving average price of $11.11 and a 200 day moving average price of $12.06. The stock’s market cap is $522.49 million. Babcock has a 52-week low of $8.54 and a 52-week high of $17.72.
Babcock (NYSE:BW) last posted its quarterly earnings data on Tuesday, May 9th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $391.10 million during the quarter, compared to the consensus estimate of $416.44 million. Babcock had a negative return on equity of 12.96% and a negative net margin of 8.51%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, analysts anticipate that Babcock will post $0.77 earnings per share for the current year.
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About Babcock
Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.
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