Babcock (NYSE:BW) had its target price decreased by investment analysts at Credit Suisse Group from $10.00 to $3.70 in a research note issued to investors on Friday. The brokerage currently has an “underperform” rating on the technology company’s stock. Credit Suisse Group’s target price indicates a potential upside of 37.04% from the company’s previous close.

A number of other research analysts have also weighed in on the company. BidaskClub lowered Babcock from a “sell” rating to a “strong sell” rating in a report on Wednesday. Zacks Investment Research lowered Babcock from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Sidoti decreased their price objective on Babcock from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.34.

Babcock (NYSE BW) traded up 6.6926% during trading on Friday, hitting $2.8807. 6,628,752 shares of the stock traded hands. Babcock has a 52-week low of $2.61 and a 52-week high of $17.72. The stock has a 50 day moving average price of $10.58 and a 200-day moving average price of $11.39. The stock’s market cap is $124.16 million.

Babcock (NYSE:BW) last announced its earnings results on Wednesday, August 9th. The technology company reported ($2.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $2.68. Babcock had a negative net margin of 14.41% and a negative return on equity of 33.34%. The business had revenue of $349.80 million for the quarter, compared to analysts’ expectations of $434.34 million. During the same quarter last year, the business earned ($0.20) EPS. The company’s quarterly revenue was down 8.7% on a year-over-year basis. On average, analysts anticipate that Babcock will post ($1.18) EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund raised its position in shares of Babcock by 21.9% in the second quarter. New York State Common Retirement Fund now owns 1,531,840 shares of the technology company’s stock worth $18,014,000 after buying an additional 275,399 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Babcock by 122.6% in the second quarter. Nationwide Fund Advisors now owns 81,861 shares of the technology company’s stock worth $963,000 after buying an additional 45,094 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Babcock during the second quarter worth $3,289,000. Teachers Advisors LLC raised its position in shares of Babcock by 0.7% in the second quarter. Teachers Advisors LLC now owns 1,351,709 shares of the technology company’s stock worth $15,896,000 after buying an additional 9,872 shares during the last quarter. Finally, AMG National Trust Bank raised its position in shares of Babcock by 8.4% in the second quarter. AMG National Trust Bank now owns 44,504 shares of the technology company’s stock worth $523,000 after buying an additional 3,447 shares during the last quarter. Institutional investors own 92.45% of the company’s stock.

Babcock Company Profile

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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