The shares of BorgWarner Inc. (NYSE:BWA) has been pegged with a rating of Buy by Jefferies in its latest research note that was published on December 4th, 2018. The research company has also assigned a $48 price target. Jefferies wasn’t the only research firm that published a report of BorgWarner Inc., with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on October 23rd, 2018, to Neutral the BWA stock. The stock had earned Outperform rating from Wolfe Research when it published its report on October 2nd, 2018. The stock was given Outperform rating by Wells Fargo in its report released on July 18th, 2018. Goldman was of a view that BWA is Buy in its latest report on June 25th, 2018. Morgan Stanley thinks that BWA is worth Overweight rating. This was contained in the firm’s report on March 22nd, 2018.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $49.19. The price of the stock the last time has raised by 5.43% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 41.34.
The shares of the company dipped by -7.49% during the trading session on Tuesday, reaching a low of $37.43 while ending the day at $37.65. During the trading session, a total of 2.98 million shares were traded which represents a -24.15% decline from the average session volume which is 2.40M shares. BWA had ended its last session trading at 40.70. BorgWarner Inc. currently has a market cap of $7.80B, while its P/E ratio stands at 9.78, while its P/E earnings growth sits at 0.74, with a beta of 1.81. BorgWarner Inc. debt-to-equity ratio currently stands at 0.53, while its quick ratio hovers at 1.30. BWA 52-week low price stands at $35.71 while its 52-week high price is $58.22.
The company in its last quarterly report recorded $1.00 earnings per share which is above the $0.99 predicted by most analysts. The BorgWarner Inc. generated $2,478.50 million in revenue during the last quarter, which is slightly higher than the $2,450.72 million predicted by analysts. In the second quarter last year, the firm recorded $1.18 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -18%. BorgWarner Inc. has the potential to record 3.85 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Chardan Capital Markets published a research note on October 16th, 2017 where it informed investors and clients that 22nd Century Group, Inc. (NYSE:XXII) is now rated as Buy. Their price target on the stock stands at $11.50. BofA/Merrill also rated XXII as Upgrade on October 23rd, 2018, with its price target of $84 suggesting that XXII could surge by 74.61% from its current share price. Even though the stock has been trading at $3.06/share, analysts expect it to surge higher by -4.58% to reach $11.50/share. It started the day trading at $3.115 and traded between $2.9 and $2.92 throughout the trading session.
A look at its technical shows that XXII’s 50-day SMA is 2.75 while its 200-day SMA stands at 2.51. The company’s average trading volume currently stands at 2.03M shares, which means that the short-interest ratio is just 8.94 days. Over the past seven days, the company moved, with its shift of 0.00%. Looking further, the stock has raised 5.80% over the past 90 days while it gained 30.36% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more XXII shares, increasing its portfolio by +8.72% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 594,195 shares in the last quarter, thus it now holds 7,409,634 shares of XXII, with a total valuation of $17,931,314. The Vanguard Group Inc meanwhile sold more XXII shares in the recently filed quarter, changing its stake to $12,114,467 worth of shares. ETF Managers Group LLC followed the path by increasing its XXII portfolio by +8.80% in the quarter. This means that ETF Managers Group LLC bought 251,105 shares in the last quarter and now controls 3,103,720 shares of the XXII stock, with the valuation hitting $7,511,002.
Similarly, SSgA Funds Management Inc increased its 22nd Century Group, Inc. shares by +18.01% during the recently filed quarter. After buying 255,923 shares in the last quarter, the firm now controls 1,676,941 shares of 22nd Century Group, Inc. which are valued at $4,058,197. In the same vein, Northern Trust Investments Inc increased its 22nd Century Group, Inc. shares by during the most recent reported quarter. The firm bought 45,193 shares during the quarter which increased its stakes to 1,315,793 shares and is now valued at $3,184,219. Following these latest developments, around 12.38% of 22nd Century Group, Inc. stocks are owned by institutional investors and hedge funds.