Drexel Hamilton Reiterates a Buy Rating on BWX Technologies

Drexel Hamilton analyst Peter Skibitski reiterated a Buy rating on BWX Technologies (NYSE: BWXT) yesterday and set a price target of $78. The company’s shares closed yesterday at $63.07.

Skibitski commented:

“We believe this is important because critics have implied that a neutron- capture approach, which BWXT uses, is not able to produce ‘High Specific Activity’/HSA Mo-99. Our view is that BWXT mgmt is very comfortable that its proprietary approach can produce an end-product that is plug and play for the medical isotope industry, and our understanding is that the firm has actually already demonstrated the process.”

According to TipRanks.com, Skibitski is ranked #506 out of 4830 analysts.

BWX Technologies has an analyst consensus of Hold, with a price target consensus of $71.17.

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BWX Technologies’ market cap is currently $6.29B and has a P/E ratio of 40.17. The company has a Price to Book ratio of 18.21.

Based on the recent corporate insider activity of 31 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.