BorgWarner Director Alexis Michas Sells 10,000 Shares (BWA)
BorgWarner (NYSE:BWA) Director Alexis Michas unloaded 10,000 shares of BorgWarner stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the transaction, the director now directly owns 61,096 shares in the company. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on BWA. Analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of BorgWarner (NYSE:BWA) in a research note to investors on Friday, September 6th. They now have a $117.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of BorgWarner (NYSE:BWA) from $82.00 to $83.00 in a research note to investors on Friday, September 6th. They now have a “hold” rating on the stock. Finally, analysts at Morgan Stanley reiterated a “buy” rating on shares of BorgWarner (NYSE:BWA) in a research note to investors on Wednesday, August 28th. They now have a $100.00 price target on the stock.
Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $96.23.
Shares of BorgWarner (NYSE:BWA) traded up 0.05% during mid-day trading on Wednesday, hitting $99.54. 724,537 shares of the company’s stock traded hands. BorgWarner has a one year low of $60.53 and a one year high of $100.54. The stock’s 50-day moving average is $96.56 and its 200-day moving average is $84.59. The company has a market cap of $11.395 billion and a price-to-earnings ratio of 21.65.
BorgWarner (NYSE:BWA) last released its earnings data on Thursday, July 25th. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.38 by $0.12. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that BorgWarner will post $5.52 earnings per share for the current fiscal year.
BorgWarner Inc is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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