Share on StockTwits

BorgWarner (NYSE:BWA) has earned an average rating of “Buy” from the fourteen brokerages that are covering the stock, Stock Ratings Network.com reports. Six investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $74.67.

A number of research firms have recently commented on BWA. Analysts at Credit Suisse initiated coverage on shares of BorgWarner in a research note on Wednesday, August 13th. They set a “neutral” rating and a $67.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BorgWarner in a research note on Monday, August 4th. They now have a $64.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of BorgWarner from $75.00 to $78.00 in a research note on Friday, August 1st.

BorgWarner (NYSE:BWA) traded down 0.11% on Wednesday, hitting $61.75. 100,582 shares of the company’s stock traded hands. BorgWarner has a 1-year low of $47.145 and a 1-year high of $67.49. The stock has a 50-day moving average of $63.76 and a 200-day moving average of $62.30. The company has a market cap of $14.105 billion and a P/E ratio of 21.62.

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 declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, August 28th. This is a positive change from BorgWarner’s previous quarterly dividend of $0.13.

In other BorgWarner news, Director Ernest J. Novak, Jr. sold 3,500 shares of BorgWarner stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $62.78, for a total value of $219,730.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

BorgWarner Inc, is a global supplier of engineered automotive systems and components primarily for powertrain applications.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.