Goldman Sachs Group Inc. downgraded BorgWarner Inc. (NYSE:BWA) to Neutral in a report released today.
- Updated: October 8, 2016
Showing a price of $36.30, BorgWarner Inc. (NYSE:BWA) traded 0.51% higher on the day. With the last stock price close up 4.49% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $34.79 and a 200-day moving average of $34.16. 3,706,349 shares of BorgWarner Inc. traded, up from an avg. volume of 2,390,070
Goldman Sachs Group Inc. has downgraded BorgWarner Inc. (NYSE:BWA) to Neutral in a statement released on Thursday October 06, 2016.
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With a total market value of $0, BorgWarner Inc. has one year low of $27.52 and a one year high of $48.64 with a P/E ratio of 12.91 .
Also covering BorgWarner Inc.'s target, a total of 16 equity analysts have issued a ratings update on the company. The average stock price target is $41.56 with 4 brokers rating the stock a strong buy, 7 equity analysts rating the company a buy, six brokerages rating the company a hold, two analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.
General Company Details For BorgWarner Inc. (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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