BorgWarner PT Raised to $75.00 (BWA)
Stock analysts at Robert W. Baird upped their price objective on shares of BorgWarner (NYSE:BWA) from $70.00 to $75.00 in a report issued on Friday, AnalystRatings.NET reports. Robert W. Baird’s price target points to a potential upside of 23.64% from the stock’s previous close.
A number of other analysts have also recently weighed in on BWA. Analysts at Zacks reiterated a “neutral” rating on shares of BorgWarner in a research note on Wednesday. They now have a $64.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BorgWarner in a research note on Tuesday, April 22nd. They now have a $70.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of BorgWarner from $65.00 to $74.00 in a research note on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $81.82.
Shares of BorgWarner (NYSE:BWA) traded down 0.02% during mid-day trading on Friday, hitting $60.65. 2,018,661 shares of the company’s stock traded hands. BorgWarner has a one year low of $39.215 and a one year high of $64.23. The stock has a 50-day moving average of $61.53 and a 200-day moving average of $56.63. The company has a market cap of $13.825 billion and a P/E ratio of 22.47.
BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, May 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.04. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts predict that BorgWarner will post $3.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 16th. Investors of record on Friday, May 2nd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, April 30th.
BorgWarner Inc, is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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