Investment analysts at Lazard Capital started coverage on shares of BorgWarner (NYSE: BWA) in a note issued to investors on Thursday. They set a “neutral” rating on the stock.
Separately, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of BorgWarner from $89.00 to $83.00 in a research note to investors on Monday, January 9th. They now have an “equal weight” rating on the stock. Analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of BorgWarner in a research note to investors on Monday, January 9th. Also, analysts at Guggenheim initiated coverage on shares of BorgWarner in a research note to investors on Wednesday, January 4th. They set a “neutral” rating on the stock.
BorgWarner Inc. is a global supplier of engineered automotive systems and components, primarily for powertrain applications. The Company’s products are manufactured and sold globally, primarily to original equipment manufacturers (OEMs) of light-vehicles (passenger cars, sport-utility vehicles, vans and light-trucks). The Company’s products are also sold to other OEMs of commercial trucks, buses and agricultural and off-highway vehicles. It also manufactures and sells its products to certain tier one vehicle systems suppliers and into the aftermarket for light and commercial vehicles. The Company operates manufacturing facilities serving customers in the United States, Europe and Asia. The Company operates in two segments: Engine and Drivetrain. In April 2010, the Company acquired Dytech ENSA SL, a producer of exhaust gas recirculation (EGR) coolers, EGR tubes, and integrated EGR modules, including valves for automotive and commercial vehicle applications, both on- and off-road.
Shares of BorgWarner opened at 74.86 on Thursday. BorgWarner has a 52 week low of $54.59 and a 52 week high of $77.70. The stock’s 50-day moving average is $66.96 and its 200-day moving average is $67.66. The company has a market cap of $8.214 billion and a P/E ratio of 17.31.