BorgWarner Inc. Sets New 1-Year High at $100.98 (BWA)
BorgWarner (NYSE:BWA) set a new 52-week high during trading hours on Monday, ARN reports. The company traded as high as $100.98 and last traded at $100.54, with a volume of 422,015 shares. The stock had previously closed at $99.09.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. BorgWarner currently has an average rating of “Hold” and an average target price of $96.23.
In other BorgWarner news, Director Alexis P. Michas sold 10,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
BorgWarner has a 52 week low of $60.53 and a 52 week high of $100.98. The stock has a 50-day moving average of $97.27 and a 200-day moving average of $85.15. The company has a market cap of $11.500 billion and a P/E ratio of 21.56.
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. Analysts expect that BorgWarner will post $5.52 EPS 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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