BorgWarner Rating Increased to Buy at Ned Davis Research (BWA)
BorgWarner (NYSE:BWA) was upgraded by analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays cut their price target on shares of BorgWarner from $112.00 to $56.00 in a research note to investors on Wednesday, December 18th. They now have an “overweight” rating on the stock. Separately, analysts at Robert W. Baird cut their price target on shares of BorgWarner from $62.00 to $60.00 in a research note to investors on Wednesday, December 18th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of BorgWarner in a research note to investors on Friday, December 13th. They now have a $99.00 price target on the stock, up previously from $95.00. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $96.77.
BorgWarner (NYSE:BWA) traded down 0.79% during mid-day trading on Tuesday, hitting $55.37. 315,824 shares of the company’s stock traded hands. BorgWarner has a 1-year low of $35.215 and a 1-year high of $57.29. The stock has a 50-day moving average of $54.95 and a 200-day moving average of $50.71. The company has a market cap of $12.600 billion and a price-to-earnings ratio of 21.53.
BorgWarner Inc is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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