Borg Warner (NYSE:BWA) Rating Maintained

They currently have a $39.0 PT on Borg Warner (NYSE:BWA). Barclays’s target would suggest a potential downside of -4.06 % from the company’s last close price. This was revealed in analysts report on Friday morning.

NYSE:BWA is right now trading 2.39% higher at $41.62 as of 6:05 AM New York time. Borg Warner’s stock is 0% over the last 200 days. It has underperformed the S&P500 Index, which has gained 10.33% over the same time.

According to data compiled by Thomson Reuters, Borg Warner (NYSE:BWA)’s stock is covered by 16 equity analysts across the Street, with 2 analysts giving it a Sell rating, 11 a Buy rating, while 6 consider it a Hold. The 12-month consensus target price for the stock is $41.56, which reflects an downside potential of 0.14% over the current price.

Institutional Ownership

Turtle Creek Asset Management Inc. had the most significant stake with ownership of 1.17 million shares as of Q2 2015 for 12.37% of the US equity exposure. Black Creek Investment Management Inc. is another quite bullish investment manager who is owning 1.81 million shares of Borg Warner or 5.16% of their US equity exposure. Furthermore, Kiltearn Partners Llp have 2.67% of their US equity exposure invested in the company for 1.91 million shares. The Georgia-based fund Cornerstone Investment Partners Llc disclosed it had bought a stake worth about 2.63% of the investment manager’s stock portfolio in Borg Warner. The Sweden-based fund Alecta Pensionsforsakring Omsesidigt is also positive about the stock, possessing 1.72 million shares or 2.5% of their US equity exposure.

Borg Warner (NYSE:BWA) Profile

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.

Borg Warner (NYSE:BWA) traded up 2.39% on 10 February, hitting $41.62. A total of 1.54 million shares of the company’s stock traded hands. This is down from average of 1.71 million shares. Borg Warner has a 52 week low of $27.52 and a 52 week high of $41.98. The company has a market cap of $8.91 billion and a P/E ratio of 80.98.

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The post Analysts at Barclays Maintained their Equal Weight rating for Borg Warner (NYSE:BWA). The Target Price per Share is Set to $39.0 appeared first on Octafinance.