BorgWarner (NYSE:BWA)‘s stock had its “hold” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports. They currently have a $84.00 target price on the stock. Jefferies Group’s price objective suggests a potential downside of 10.18% from the stock’s previous close.
BorgWarner (NYSE: BWA) traded up 1.07% on Friday, hitting $93.52. BorgWarner has a 1-year low of $60.53 and a 1-year high of $93.74. The stock’s 50-day moving average is currently $86.85. The company has a market cap of $10.858 billion and a price-to-earnings ratio of 20.14.
BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters 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. BorgWarner has set its FY13 guidance at $5.40-5.55 EPS. Analysts expect that BorgWarner will post $5.45 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of BorgWarner from $90.00 to $102.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of BorgWarner to $106.00 in a research note to investors on Friday. Finally, analysts at RBC Capital raised their price target on shares of BorgWarner from $95.00 to $105.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock.
Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $94.33.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 15th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, August 1st. This is a boost from BorgWarner’s previous quarterly dividend of $0.12.
BorgWarner Inc is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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