Alembic Global Initiates a Buy Rating on BWX Technologies (BWXT)


BWX Technologies (NYSE: BWXT) received a Buy rating from Alembic Global analyst Peter Skibitski on August 27. The company’s shares closed yesterday at $63.75.

Skibitski noted:

“We think this can lead to organic top-line growth of ~7%+ through 2020-21 and a FCF/share CAGR >20% through 2020. This is fairly attractive on its own, but we see additional upside potential as well via a Navy aircraft carrier block buy (near term) or a carrier acceleration/3 rd VA/sub/year (longer term). The final core upside catalyst is the firm’s move into the medical radioisotope market, in which we are confident, though the market is still in “show me” mode. Further, one shouldn’t ignore the potential for space opportunities in both the NASA/Mars and DOD national security arenas.”

According to TipRanks.com, Skibitski is a 4-star analyst with an average return of 22.7% and a 85.0% success rate. Skibitski covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, L3 Technologies Inc, and Huntington Ingalls.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for BWX Technologies with a $76.50 average price target, a 20.0% upside from current levels. In a report issued on August 16, Drexel Hamilton also assigned a Buy rating to the stock with a $74 price target.

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BWX Technologies’ market cap is currently $6.36B and has a P/E ratio of 40.87. The company has a Price to Book ratio of 16.37.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.

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BWX Technologies, Inc. engages in the supply and provision of nuclear components and products. It operates through the following business segments: Nuclear Operations Group, Nuclear Services Group, and Nuclear Power Group. The Nuclear Operations Group segment focuses on the design and manufacture of equipment for nuclear applications.

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