In yesterday’s Wall Street session, Babcock & Wilcox Enterprises Inc. (NYSE:BW) shares traded at $5.38, down -0.74% from the previous session.
As we calculate the median target price by taking the range between a high of $13.00 and a low of $8.00, we find $10.00. Given the previous closing price of $5.42, this indicates a potential upside of 84.5 percent. BW stock price is now -14.54% away from the 50-day moving average and -16.30% away from the 200-day moving average. The market capitalization of the company currently stands at $508.52M.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
Brokers who have rated the stock have averaged $10.25 as their price target over the next twelve months.
With the price target of $11, Craig Hallum recently initiated with Buy rating for Babcock & Wilcox Enterprises Inc. (NYSE: BW). On March 25, 2021, Lake Street recently initiated its ‘Buy’ rating on the stock quoting a target price of $12, while ‘DA Davidson’ rates the stock as ‘Buy’.
In other news, B. Riley Financial, Inc., 10% Owner bought 500,000 shares of the company’s stock on Nov 29. The stock was bought for $2,229,100 at an average price of $4.46. Upon completion of the transaction, the 10% Owner now directly owns 12,032,399 shares in the company, valued at $64.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21, Director Tato Joseph A bought 4,000 shares of the business’s stock. A total of $19,800 was incurred on buying the stock at an average price of $4.95. This leaves the insider owning 33,530 shares of the company worth $0.18 million. Insiders disposed of 192,202 shares of company stock worth roughly $1.03 million over the past 1 year. A total of 3.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BW stock. A new stake in Babcock & Wilcox Enterprises Inc. shares was purchased by B. RILEY SECURITIES, INC. during the first quarter worth $146,813,000. EVR RESEARCH LP invested $4,519,000 in shares of BW during the first quarter. In the first quarter, PORTOLAN CAPITAL MANAGEMENT, LLC acquired a new stake in Babcock & Wilcox Enterprises Inc. valued at approximately $2,019,000. LEGATO CAPITAL MANAGEMENT LLC acquired a new stake in BW for approximately $786,000. ZUCKERMAN INVESTMENT GROUP, LLC purchased a new stake in BW valued at around $533,000 in the second quarter. In total, there are 159 active investors with 86.20% ownership of the company’s stock.
Wednesday morning saw Babcock & Wilcox Enterprises Inc. (NYSE: BW) opened at $5.54. During the past 12 months, Babcock & Wilcox Enterprises Inc. has had a low of $3.89 and a high of $9.08. The fifty day moving average price for BW is $6.29 and a two-hundred day moving average price translates $6.42 for the stock.
The latest earnings results from Babcock & Wilcox Enterprises Inc. (NYSE: BW) was released for Sep, 2022. According to the Specialty Industrial Machinery Company, earnings per share came in at -$0.24, missing analysts’ expectations of -$0.05 by -0.19. This compares to $0.16 EPS in the same period last year. The net profit margin was -1.70% and return on equity was -135.40% for BW. The company reported revenue of $214.87 million for the quarter, compared to $159.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.33 percent. For the current quarter, analysts expect BW to generate $229.72M in revenue.
Babcock & Wilcox Enterprises Inc.(BW) Company Profile
Babcock & Wilcox Enterprises, Inc., together with its subsidiaries, provides energy and emissions control solutions to a range of industrial, electrical utility, municipal, and other customers worldwide. It operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal. The Babcock & Wilcox Renewable segment offers technologies for waste-to-energy, solar construction and installation, and biomass energy systems, as well as black liquor systems for the pulp and paper industry. This segment provides technologies support solutions for diverting waste from landfills to use for power generation and replacing fossil fuels while recovering metals and reducing emissions. The Babcock & Wilcox Environmental segment offers a range of emissions control and environmental technology solutions for utility, waste to energy, biomass, carbon black, and industrial steam generation applications. This segment provides systems for cooling, ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control. The Babcock & Wilcox Thermal segment offers steam generation equipment; aftermarket parts; and construction, maintenance, and field services for plants in the power generation, oil and gas, and industrial sectors. This segment has an installed equipment for utilities and general industrial applications, including refining, petrochemical, food processing, metals, and others. The company was founded in 1867 and is headquartered in Akron, Ohio.
