BorgWarner Given Consensus Recommendation of “Buy” by Analysts (NYSE:BWA)
Shares of BorgWarner (NYSE:BWA) have received an average recommendation of “Buy” from the twelve analysts that are covering the stock, Stock Ratings News reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $73.00.
BorgWarner (NYSE:BWA) opened at 65.15 on Friday. BorgWarner has a one year low of $39.215 and a one year high of $65.37. The stock has a 50-day moving average of $61.61 and a 200-day moving average of $58.27. The company has a market cap of $14.895 billion and a price-to-earnings ratio of 23.43.
BorgWarner (NYSE:BWA) last released its earnings data 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. On average, analysts predict that BorgWarner will post $3.33 earnings per share for the current fiscal year.
A number of research firms have recently commented on BWA. Analysts at Morgan Stanley raised their price target on shares of BorgWarner from $63.00 to $65.00 in a research note on Monday, May 12th. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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.
BorgWarner Inc, is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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