Maxim Group analyst Tate Sullivan maintained a Buy rating on BWX Technologies (BWXT) yesterday and set a price target of $71. The company’s shares opened today at $55.33.
Sullivan observed:
“BWXT’s 2Q19 results and earnings conference call highlighted long-term EPS growth opportunities in U.S. submarine nuclear reactor construction and nuclear medicine, in our view.”
According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 2.7% and a 57.3% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Envision Solar International Inc, Capstone Turbine Corp, and BioHiTech Global Inc.
Currently, the analyst consensus on BWX Technologies is a Moderate Buy with an average price target of $63.
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Based on BWX Technologies’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $58.88 million. In comparison, last year the company had a net profit of $60.66 million.
Based on the recent corporate insider activity of 32 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.
