BorgWarner Inc. Sets New 1-Year High at $57.00 (BWA)
BorgWarner (NYSE:BWA) set a new 52-week high during trading hours on Wednesday, AR Network reports. The company traded as high as $57.00 and last traded at $56.29, with a volume of 798,306 shares. The stock had previously closed at $56.38.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research downgraded shares of BorgWarner from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 30th. Separately, analysts at Barclays cut their price target on shares of BorgWarner from $112.00 to $56.00 in a research note to investors on Wednesday, December 18th. They now have an “overweight” rating on the stock. Finally, analysts at Robert W. Baird cut their price target on shares of BorgWarner from $62.00 to $60.00 in a research note to investors on Wednesday, December 18th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. BorgWarner currently has an average rating of “Hold” and an average target price of $96.77.
BorgWarner has a 52-week low of $35.215 and a 52-week high of $57.00. The stock’s 50-day moving average is $54.26 and its 200-day moving average is $50.06. The company has a market cap of $12.807 billion and a price-to-earnings ratio of 21.75.
BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that BorgWarner will post $2.80 EPS for the current fiscal year.
BorgWarner Inc is a global supplier of engineered automotive systems and components primarily for powertrain applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.