Analysts fell to the sidelines weighing in on NCI Building (NCS), Emerson Electric Company (EMR) and BorgWarner (BWA) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
NCI Building (NCS)
In a report released today, Matthew Bouley from Barclays maintained a Hold rating on NCI Building, with a price target of $9. The company’s shares opened today at $7.80, close to its 52-week low of $6.66.
Bouley wrote:
“We are revising our NCS estimates lower to reflect the combination of a more muted end market outlook and soft results in calendar 4Q, which together more than offset the contribution from the acquisition of Environmental Materials ($160 mn FY’17 sales w/ an est. fleet- average margin). NCS now views its addressable market within low-rise non- residential construction to be flat-to-down in ’19 on a volume basis (LSD growth expected prior) owing to recent demand softening particularly in the legacy buildings business, a downgraded market view that we found surprising relative to expected softness in residential, although could also reflect management conservatism minimizing the assumption of acceleration. Our new CY’19 adj.”
According to TipRanks.com, Bouley is a 1-star analyst with an average return of -2.8% and a 48.8% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Advanced Drainage Systems, and Builders Firstsource.
NCI Building has an analyst consensus of Hold, with a price target consensus of $8.50.
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Emerson Electric Company (EMR)
In a report released yesterday, Julian Mitchell from Barclays maintained a Hold rating on Emerson Electric Company, with a price target of $71. The company’s shares opened today at $67.13.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 10.4% and a 69.7% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Gates Industrial Corp Plc, and United Technologies Corp.
Emerson Electric Company has an analyst consensus of Moderate Buy, with a price target consensus of $73.38, representing a 9.3% upside. In a report issued on February 5, Robert W. Baird also reiterated a Hold rating on the stock with a $74 price target.
BorgWarner (BWA)
In a report released yesterday, Brian Johnson from Barclays maintained a Hold rating on BorgWarner, with a price target of $36. The company’s shares opened today at $41.76.
Johnson said:
“We maintain our 8.0x multiple but roll our valuation to 2020. We stay EW on the shares with our multiple still well below BWA’s long-term avg. of ~13-14x, and below minus one standard deviation of ~10-11x.”
According to TipRanks.com, Johnson is a 4-star analyst with an average return of 3.6% and a 53.6% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, American Axle, and Visteon Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BorgWarner with a $48 average price target.
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