Price Action to Note: Is BWX Technologies Inc a Buy? The Stock Reaches 52-Week High Today

Price Action to Note: Is BWX Technologies Inc a Buy? The Stock Reaches 52 Week High Today

The stock of BWX Technologies Inc (NYSE:BWXT) hit a new 52-week high and has $59.38 target or 49.00% above today’s $39.85 share price. The 8 months bullish chart indicates low risk for the $3.90B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $59.38 price target is reached, the company will be worth $1.91 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.92 million shares traded hands or 344.16% up from the average. BWX Technologies Inc (NYSE:BWXT) has risen 13.13% since April 7, 2016 and is uptrending. It has outperformed by 8.34% the S&P500.

BWX Technologies Inc (NYSE:BWXT) Ratings Coverage

Out of 4 analysts covering BWX Technologies (NYSE:BWXT), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. BWX Technologies has been the topic of 4 analyst reports since October 13, 2015 according to StockzIntelligence Inc. KeyBanc Capital Markets reinitiated the shares of BWXT in a report on Tuesday, October 13 with “Overweight” rating. The firm earned “Hold” rating on Friday, April 1 by Drexel Hamilton. Sidoti initiated BWX Technologies Inc (NYSE:BWXT) on Friday, March 18 with “Buy” rating.

According to Zacks Investment Research, “BWX Technologies, Inc. supplies precision manufactured components and services to the commercial nuclear power industry. The company offers technical, management and site services to governments in complex facilities and environmental remediation activities. It operates primarily in Lynchburg, Va., Ohio and Cambridge, Ontario. BWX Technologies, Inc., formerly known as Babcock & Wilcox Company, is headquartered in Lynchburg, Va.”

More news for BWX Technologies Inc (NYSE:BWXT) were recently published by: Marketwatch.com, which released: “BWX Technologies Inc.” on July 06, 2015. Businesswire.com‘s article titled: “BWXT Completes Spin-Off of Power Generation Business” and published on July 01, 2015 is yet another important article.

BWXT Company Profile

BWX Technologies, Inc., formerly The Babcock & Wilcox Company, incorporated on March 8, 2010, is a maker of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. The Company’s divisions include Nuclear Operations, Technical Services, Nuclear Energy and Other. It provides uranium processing and environmental site restoration services, as well as a range of services and products to clients in the nuclear power industry. The Nuclear Operations segment engineers, creates and makes precision naval nuclear components and reactors for the United States Department of Energy (DOE)/National Nuclear Security Administration’s (NNSA) Naval Nuclear Propulsion Program. The Technical Services segment provides various services to the United States Government. The Nuclear Energy segment designs, licenses, makes and delivers commercial nuclear steam generators and pressure vessels, among others. The Other segment includes the mPower program.

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