Bank of America Upgrades BWX Technologies Inc to Buy with Price Target $55

Brokerage firm Bank of America Upgrades its rating on BWX Technologies Inc(BWXT). As per the latest information, Bank of America Raises the price target to $55 per share from a prior target of $43. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Bank of America was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, SunTrust Robinson Humphrey said it Initiates Coverage On BWX Technologies Inc, according to a research note issued on Jan 19, 2017. In the research note, the firm Announces the price-target to $46 per share. The shares have been rated ‘Buy’ by the firm.

BWX Technologies Inc (BWXT) shares turned negative on Fridays trading session with the shares closing down -0.38 points or -0.79% at a volume of 5,68,893. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.04. The peak price level was also seen at $48.04 while the days lowest was $47.515. Finally the shares closed at $47.52. The 52-week high of the shares is $49.11 while the 52-week low is $32.235. According to the latest information available, the market cap of the company is $4,741 M.

BWX Technologies Inc(BWXT) last announced its earnings results on Feb 27, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $403.860M. Analysts had an estimated revenue of $367.610M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.38.

BWX Technologies Inc. formerly The Babcock & Wilcox Company is a technology innovator in power generation systems a constructor of nuclear components and a service provider in its segments. The Company operates in five business segments: Power Generation Nuclear Operations Technical Services Nuclear Energy and mPower. The Power Generation segment supplies boilers fired with fossil fuels oil and natural gas or renewable fuels. The Nuclear Operations segment engineers design and manufacture precision naval nuclear components and reactors. The Technical Services segment provides uranium processing environmental site restoration services and management services. The mPower segment is developing the B&W mPower reactor and the associated mPower Plant.

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