RBC Capital Increases BorgWarner Price Target to $115.00 (BWA)
RBC Capital lifted their price objective on shares of BorgWarner (NYSE:BWA) from $105.00 to $115.00 in a research note issued on Friday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price suggests a potential upside of 12.04% from the company’s current price.
BWA has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of BorgWarner in a research note to investors on Thursday. They now have a $121.00 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of BorgWarner from $112.00 to $123.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of BorgWarner from $96.00 to $97.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. BorgWarner has a consensus rating of “Buy” and an average target price of $102.38.
Shares of BorgWarner (NYSE:BWA) opened at 102.64 on Friday. BorgWarner has a 1-year low of $60.53 and a 1-year high of $108.04. The stock has a 50-day moving average of $102.5 and a 200-day moving average of $91.38. The company has a market cap of $11.750 billion and a P/E ratio of 22.44.
BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.32 by $0.08. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that BorgWarner will post $5.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, October 30th.
BorgWarner Inc is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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