BorgWarner Receives Buy Rating from KeyCorp (BWA)
BorgWarner (NYSE:BWA)‘s stock had its “buy” rating reaffirmed by analysts at KeyCorp in a research report issued to clients and investors on Thursday. They currently have a $76.00 price objective on the stock, up from their previous price objective of $67.00. KeyCorp’s target price points to a potential upside of 16.60% from the stock’s previous close.
BorgWarner (NYSE:BWA) traded down 1.43% during mid-day trading on Thursday, hitting $64.25. The stock had a trading volume of 1,529,559 shares. BorgWarner has a 52 week low of $44.35 and a 52 week high of $67.49. The stock’s 50-day moving average is $65.10 and its 200-day moving average is $60.6. The company has a market cap of $14.689 billion and a P/E ratio of 23.44.
BorgWarner (NYSE:BWA) last announced its 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 $3.35 EPS for the current fiscal year.
BWA has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of BorgWarner from $69.00 to $76.00 in a research note on Monday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. BorgWarner currently has a consensus rating of “Buy” and a consensus price target of $73.91.
BorgWarner Inc, is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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