Morgan Stanley Increases BorgWarner Price Target to $65.00 (BWA)
Research analysts at Morgan Stanley upped their price objective on shares of BorgWarner (NYSE:BWA) from $63.00 to $65.00 in a report released on Monday, American Banking News.com reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 6.84% from the stock’s previous close.
BWA has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of BorgWarner in a research note on Friday, May 2nd. They now have a $74.00 price target on the stock, down previously from $75.00. Separately, analysts at Robert W. Baird raised their price target on shares of BorgWarner from $70.00 to $75.00 in a research note on Friday, May 2nd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of BorgWarner in a research note on Wednesday, April 30th. They now have a $64.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $76.36.
Shares of BorgWarner (NYSE:BWA) traded down 0.44% on Monday, hitting $60.84. 762,954 shares of the company’s stock traded hands. BorgWarner has a 52 week low of $39.215 and a 52 week high of $64.23. The stock’s 50-day moving average is $61.25 and its 200-day moving average is $57.05. The company has a market cap of $13.909 billion and a price-to-earnings ratio of 21.97.
BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.83 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.30 earnings per share. BorgWarner’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that BorgWarner will post $3.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 16th. Stockholders 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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