Nomura Maintains a Buy Rating on BorgWarner (BWA)

In a report issued on May 14, Anindya Das from Nomura maintained a Buy rating on BorgWarner (BWAResearch Report), with a price target of $40.00. The company’s shares closed last Friday at $27.77.

According to TipRanks.com, Das is a 2-star analyst with an average return of -1.2% and a 47.1% success rate. Das covers the Consumer Goods sector, focusing on stocks such as Fiat Chrysler Automobiles, General Motors, and GoodYear Tire.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BorgWarner with a $33.58 average price target, implying a 22.4% upside from current levels. In a report issued on May 7, Oppenheimer also maintained a Buy rating on the stock with a $44.00 price target.

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BorgWarner’s market cap is currently $5.76B and has a P/E ratio of 8.00. The company has a Price to Book ratio of 2.29.

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BorgWarner, Inc. engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Engine and Drivetrain. The Engine segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance. The Drivetrain segment focuses in the products that improve fuel economy, reduce emissions, and enhance performance in combustion, hybrid and electric vehicles. The company was founded in 1928 and is headquartered in Auburn Hills, MI.