BorgWarner Price Target Increased to $78.00 by Analysts at Robert W. Baird (BWA)
Robert W. Baird hoisted their target price on shares of BorgWarner (NYSE:BWA) from $75.00 to $78.00 in a research note issued on Friday. Robert W. Baird’s target price would indicate a potential upside of 28.06% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of BorgWarner in a research note on Friday. They now have a $63.00 price target on the stock, up previously from $60.00. Separately, analysts at Gabelli downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday. They noted that the move was a valuation call. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of BorgWarner from $70.00 to $73.00 in a research note on Tuesday, July 22nd. They now have an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. BorgWarner presently has a consensus rating of “Buy” and an average target price of $75.64.
Shares of BorgWarner (NYSE:BWA) traded down 2.15% on Friday, hitting $60.91. 1,936,432 shares of the company’s stock traded hands. BorgWarner has a 52-week low of $47.12 and a 52-week high of $67.49. The stock has a 50-day moving average of $65.20 and a 200-day moving average of $61.38. The company has a market cap of $13.925 billion and a P/E ratio of 22.38.
BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, July 31st. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.02. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts predict that BorgWarner will post $3.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, August 28th. This is an increase from BorgWarner’s previous quarterly dividend of $0.13.
BorgWarner Inc, is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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