Looking at top Wall Street opinions, BorgWarner Inc. (NYSE: BWA) has recently made its way into the research list of BofA/Merrill – signaling that their analyst’s rating adjustment is noteworthy. This stock was Reiterated to a rating of Neutral in the eyes of BofA/Merrill, as reported on Tuesday, April 23rd, 2019. Another heavy-hitting research note was published by Seaport Global Securities on Wednesday February 13th, 2019, with this firm Initiated BWA to an updated rating of Neutral. In the past six months and three months of trading, shares of BorgWarner Inc. (BWA) have moved by -4.64% and -8.40%, respectively.
Brokerage Updates Related to BorgWarner Inc. (BWA) Stock
This publicly-traded organization generated losses of -6.09% over the last 5 sessions. Right now, this stock is the subject of 19 analysts’ evaluations, who – on average – have given this company’s shares a Buy rating. Not a Single analyst have given underperform rating or sell rating, and 6 have given a rating of Buy or better. Based on the 19 stock market experts following this company, the average 12-month price target is $47.44. Moreover, individual price targets range between $36.00-$53.00. With its recent move to $49.00, we can see that these firms project this stock will loss by -27.44% in one year.
Updates from BorgWarner Inc. (BWA) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.40% rise since the beginning of the calendar year. A Director at BorgWarner Inc. (BWA) sold off some of its shares in a transaction that was finalized on Apr 03. Similarly, Wiegert Joel sold 6,000 shares of the organization’s stock at $38.74 apiece and racked up $232,447 in earnings from the sale. Now, Wiegert Joel holds 27,420 shares of the company following the exchange. A VP, Treasurer & Interim CFO of the organization named McGill Thomas J., was engaged in a transaction that occurred on Feb 26 that managed to be worth $100,720 from the sale of 2,400 common shares at a price of $41.97 per individual share.
BorgWarner Inc. (NYSE:BWA) Results in the Pipeline
The next scheduled release of financial results for BorgWarner Inc. will be for the Mar-19 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.94. In the same vein, they expect sales for the quarter to amount to $2,472.84 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $2,566.00 million in revenue alongside EPS at $1.00. On average, the analyst projection was calling for $2,572.80 million with $1.21 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $2,478.50 million, with earnings per share ending up at $1.00.
Targa Resources Corp. (NYSE:TRGP) experienced a gain of 1.70% from the closing price in the previous trading day. That boost the price to $41.94 per share, as observed on December 31st, 1969, at a time when the total trading volume reached 2,089,535 shares of stock – compared to the typical average of 2.43M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $49.86.
Pricing Indications for Targa Resources Corp. (TRGP)
This organization has had a price-to-earnings ratio of in the last year. Meanwhile, it gained 40.47 from its observable 50-day simple moving average. Right at this moment, the per-share value is -9.78% lower than the mean per-share price over the last 200 days in the market.
Targa Resources Corp. (NYSE:TRGP) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 7 have a Buy rating, 8 have an outperform rating, while 7 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 0 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.00, based on information from Thomson Reuters.
TRGP Stock Value Potential
In trading activity as of late, this stock’s value was 46.44 up from its 200 day moving average, while also 3.68% up when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $43.00-$62.00. The market value for the entire organization reached 9.74B. In the last trading session, the price ended the day at $41.24. The institutional holdings related to this organization account for 1.20%, and the Beta factor is now 1.96. This company’s RSI (Relative Strength Index) managed to hit 59.10.
Targa Resources Corp. (NYSE:TRGP) Analyst Points of Focus
Targa Resources Corp. (TRGP) has found itself inside of Evercore ISI’s research list, so their analyst rating adjustment is worth taking note of. This stock was Resumed to In-line, by Evercore ISI, as garnered from a news report on Wednesday April 24th, 2019. An additional helpful research note was sent out by Credit Suisse’s on Wednesday January 9th, 2019. The brokerage decided to upgrade TRGP to Outperform from its previous rating of Neutral.