BWX Technologies (BWXT) Gets a Buy Rating from Maxim Group


Maxim Group analyst Tate Sullivan maintained a Buy rating on BWX Technologies (BWXT) yesterday and set a price target of $73. The company’s shares closed last Monday at $56.67.

Sullivan noted:

“We raise our 2021-2023 estimates on our outlook that nuclear manufacturing in all of BWXT’s business segments can accelerate EPS growth beyond 2020, following our non-deal roadshow (NDR) meetings with senior management.”

According to TipRanks.com, Sullivan is a 1-star analyst with an average return of -2.4% and a 44.6% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Envision Solar International Inc, Capstone Turbine Corp, and BioHiTech Global Inc.

BWX Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $62.67, implying a 10.4% upside from current levels. In a report issued on August 7, Seaport Global also maintained a Buy rating on the stock with a $62 price target.

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BWX Technologies’ market cap is currently $5.39B and has a P/E ratio of 26.67. The company has a Price to Book ratio of 18.34.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BWXT in relation to earlier this year.

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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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