Goldman Sachs downgraded Borg Warner (NYSE:BWA) from Buy to Neutral in a report released today.
- Updated: October 6, 2016
Yesterday Borg Warner (NYSE:BWA) traded -3.25% lower at $36.30. The company’s 50-day moving average is $34.70 and its 200-day moving average is $34.16. The last stock close price is up 2.81% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,276,258 shares of the stock were exchanged, down from an average trading volume of 2,359,950
Goldman Sachs has downgraded Borg Warner (NYSE:BWA) from Buy to Neutral in a report released on Thursday October 06, 2016.
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Borg Warner has a 52 week low of $27.52 and a 52 week high of $48.64 with a P/E ratio of 12.70 The company’s market cap is currently $0.
In addition to Goldman Sachs reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $41.56 with 4 firms rating the stock a strong buy, 7 firms rating the stock a buy, 6 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Borg Warner (NYSE:BWA)
BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment's products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment's products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices. The Company manufactures and sells products to original equipment manufacturers (OEMs) of light vehicles (passenger cars, sport-utility vehicles (SUVs), vans and light trucks). The Company sells the products to other OEMs of commercial vehicles (medium-duty trucks, heavy-duty trucks and buses) and off-highway vehicles (agricultural and construction machinery and marine applications). It also manufactures and sells its products to Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles.
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