JPMorgan Chase & Co. Increases BorgWarner Price Target to $121.00 (BWA)
Stock analysts at JPMorgan Chase & Co. lifted their price target on shares of BorgWarner (NYSE:BWA) from $117.00 to $121.00 in a report issued on Monday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 13.86% from the company’s current price.
Shares of BorgWarner (NYSE:BWA) traded down 0.37% during mid-day trading on Monday, hitting $106.27. The stock had a trading volume of 480,465 shares. BorgWarner has a 52-week low of $60.53 and a 52-week high of $100.54. The stock has a 50-day moving average of $97.05 and a 200-day moving average of $84.88. The company has a market cap of $12.165 billion and a price-to-earnings ratio of 23.21.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Wednesday, October 30th.
BWA has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of BorgWarner from $102.00 to $112.00 in a research note to investors on Wednesday, October 16th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BorgWarner in a research note to investors on Thursday, September 26th. They now have a $107.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of BorgWarner 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. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. BorgWarner presently has a consensus rating of “Buy” and a consensus target price of $98.92.
BorgWarner Inc is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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