BorgWarner Receives Average Rating of “Buy” from Analysts (NYSE:BWA)
BorgWarner (NYSE:BWA) has been given an average recommendation of “Buy” by the fourteen ratings firms that are currently covering the stock, AnalystRatings.Net reports. Six research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $74.67.
A number of analysts have recently weighed in on BWA shares. 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.
In other BorgWarner news, Director Ernest J. Novak, Jr. sold 3,500 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $62.78, for a total value of $219,730.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of BorgWarner (NYSE:BWA) opened at 62.19 on Wednesday. BorgWarner has a 52-week low of $48.035 and a 52-week high of $67.49. The stock has a 50-day moving average of $63.29 and a 200-day moving average of $62.42. The company has a market cap of $14.205 billion and a P/E ratio of 21.66.
BorgWarner (NYSE:BWA) last released its earnings data on Thursday, July 31st. The company reported $0.89 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts expect that BorgWarner will post $3.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders 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 0.84%. The ex-dividend date is Thursday, August 28th. This is a boost 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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