Johnson Rice Analysts Downgrade Babcock & Wilcox Co. (BWC) Shares to "Overweight"
Friday, July 15, 2021 1:31 PM

Equities research analysts at Johnson Rice downgraded shares of Babcock & Wilcox Co. (NYSE: BWC) to an "overweight" rating in a research note to investors on Friday.

Separately, analysts at Zacks Investment Research downgraded shares of Babcock & Wilcox Co. from a "neutral" rating to an "underperform" rating in a research note to investors on Friday, June 17th. Also, analysts at Keybanc (NYSE: KEY) upgraded shares of Babcock & Wilcox Co. from a "hold" rating to a "buy" rating in a research note to investors on Friday, May 27th. They now have a $34.00 price target on the stock.

Shares of Babcock & Wilcox Co. traded down 2.82% during mid-day trading on Monday, hitting $25.16. Babcock & Wilcox Co. has a 52 week low of $20.75 and a 52 week high of $36.02. The stock's 50-day moving average is $27.47 and its 200-day moving average is $29.74. The company has a market cap of $1.192 billion and a price-to-earnings ratio of 10.45.

The Babcock & Wilcox Company is a provider of energy products and services. The Babcock & Wilcox Operations of McDermott International, Inc. represent a combined reporting company consisting of the assets and liabilities in managing and operating the Power Generation Systems and Government Operations segments of McDermott International, Inc. (MII) in addition to two captive insurance companies, which have been combined and contributed to The Babcock & Wilcox Company (B&W) in conjunction with the spin-off of B&W by MII. The Company operate in two business segments: Power Generation Systems and Government Operations. In January 2010, the Company acquired the net assets of Gotaverken Miljo AB (GMAB), a flue gas cleaning and energy recovery company based in Gothenburg, Sweden. On April 2, 2010, the Company acquired the electrostatic precipitator aftermarket and emissions monitoring business units of GE Energy, a division of General Electric Company.

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