BorgWarner (NYSE:BWA)‘s stock had its “buy” rating restated by equities research analysts at Morgan Stanley in a research note issued to investors on Wednesday, Stock Ratings Network.com reports. They currently have a $100.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 3.42% from the stock’s previous close.
BorgWarner (NYSE:BWA) opened at 96.69 on Wednesday. BorgWarner has a 52 week low of $60.53 and a 52 week high of $100.54. The stock’s 50-day moving average is $94.31 and its 200-day moving average is $83.1. The company has a market cap of $11.069 billion and a price-to-earnings ratio of 21.04.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data 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 last year, the company posted $1.36 earnings per share. BorgWarner’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that BorgWarner will post $5.51 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on BWA. Analysts at JPMorgan Chase & Co. raised their price target on shares of BorgWarner from $110.00 to $117.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of BorgWarner from $107.00 to $112.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of BorgWarner in a research note to investors on Friday, July 26th. They now have a $84.00 price target on the stock.
Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $97.33.
BorgWarner Inc is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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