Babcock & Wilcox (BWC) has was upgraded today by the research analysts at investment firm KeyBanc Capital Markets which upgraded BWC from a “hold” rating to “buy.” KeyBanc also placed a price target of $34 dollars on BWC. BWC is up during intraday trading.
Babcock & Wilcox is slated to release their next earnings report on August 9th, 2011 and is estimated to post EPS of 37 cents. Their last earnings report was released on May 9th, 2011 and announced EPS of 11 cents with revenue totaling $691.3 million. BWC is currently trading between its 50 & 200-day moving averages and 2011 is currently an up year for the company.
Babcock & Wilcox is a technology innovator in power generation systems, a specialty constructor of nuclear components and a premier service provider in its segments, with an operating history of more than 140 years. The company has market capitalization of $3,297,000,000 and 117,547,000 shares outstanding. BWC has a 52-week high of $36.02 with the low being $17.50 dollars.