Investment analysts at JPMorgan Chase & Co. increased their target price on shares of BorgWarner (NYSE:BWA) from $117.00 to $121.00 in a note issued to investors on Monday, ARN reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 14.53% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of BorgWarner from $102.00 to $112.00 in a research note to investors on Wednesday, October 16th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BorgWarner in a research note to investors on Thursday, September 26th. They now have a $107.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of BorgWarner from $82.00 to $83.00 in a research note to investors on Friday, September 6th. They now have a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. BorgWarner presently has a consensus rating of “Buy” and a consensus target price of $98.92.
Shares of BorgWarner (NYSE:BWA) traded down 0.01% on Monday, hitting $105.65. The stock had a trading volume of 483,177 shares. BorgWarner has a 52 week low of $60.53 and a 52 week high of $105.90. The stock’s 50-day moving average is $100.8 and its 200-day moving average is $89.18. The company has a market cap of $12.094 billion and a price-to-earnings ratio of 22.99.
BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, July 25th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.12. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that BorgWarner will post $5.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.95%.
BorgWarner Inc is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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