Short Term Price Target on BorgWarner (BWA)

BorgWarner (NYSE:BWA) : 11 investment research analysts covering BorgWarner (NYSE:BWA) have an average price target of $41 for the near short term. The highest target price given by the Brokerage Firm to the stock is $58 and the lowest target is $33 for the short term. Analysts expect the variance to be within $7.11 of the average price.

BorgWarner Inc. has lost 12.4% in the last five trading days and dropped 11.99% in the last 4 weeks. BorgWarner Inc. has dropped 21.35% during the last 3-month period . Year-to-Date the stock performance stands at -31.17%. Also, Bank of America downgrades its view on BorgWarner (NYSE:BWA) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on June 21, 2016.

BorgWarner (NYSE:BWA) : The consensus on BorgWarner (NYSE:BWA) based on 14 analyst recommendation on the company stock is 2.36, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on BorgWarner (NYSE:BWA).

BorgWarner (NYSE:BWA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.35 and $28.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.52, notching a gain of 0.79% for the day. The total traded volume was 2,616,563 . The stock had closed at $29.29 on the previous day.

BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment develops and manufactures products in gasoline and diesel engines and alternative powertrains. The Drivetrain segment develops and manufactures products for automatic transmissions and all-wheel drive (AWD) vehicles. The Company manufactures and sells the product across the world, to equipment manufacturers (OEMs) of light vehicles. The Company sells the products to other OEMs of commercial vehicles and off-highway vehicles (agricultural and construction machinery and marine applications). It also manufactures and sells its products to Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas, Europe and Asia and is an equipment supplier to automotive OEM.

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