Jefferies Group Reiterates Hold on BorgWarner (BWA)

By admin | 6 years ago

BorgWarner (NYSE: BWA)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group (NYSE: JEF) in a report issued on Friday.

Shares of BorgWarner traded down 0.84% during mid-day trading on Friday, hitting $79.05. BorgWarner has a one year low of $54.59 and a one year high of $87.45. The company has a market cap of $8.628 billion and a P/E ratio of 17.92.

The company last announced its quarterly results on Thursday, April 26th. It reported $1.28 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $1.29 EPS by $0.01. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts predict that BorgWarner will post $1.36 earnings per share next quarter.

A number of other analysts have also recently weighed in on BWA. Analysts at Zacks reiterated a “neutral” rating on shares of BorgWarner in a research note to investors on Thursday, March 29th. They now have a $88.00 price target on the stock. Separately, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of BorgWarner to $100.00 in a research note to investors on Tuesday, March 27th. They now have an “overweight” rating on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of BorgWarner from $95.00 to $104.00 in a research note to investors on Wednesday, March 14th. They now have an “overweight” rating on the stock.

BorgWarner Inc. is a global supplier of engineered automotive systems and components primarily for powertrain applications.

About the author