Price Target Update on BorgWarner (NYSE: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.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Citigroup downgrades its rating on BorgWarner (NYSE:BWA). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at Citigroup maintains a current price target of $37 per share. The rating by the firm was issued on March 29, 2016.

BorgWarner (NYSE:BWA): stock turned positive on Thursday. Though the stock opened at $33.66, the bulls momentum made the stock top out at $34.1 level for the day. The stock recorded a low of $33.49 and closed the trading day at $33.7, in the green by 1.66%. The total traded volume for the day was 3,426,767. The stock had closed at $33.15 in the previous days trading.

The company shares have dropped -44.23% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $60.40 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $33.59 and the 200 Day Moving Average price is recorded at $35.27. On the companys insider trading activities,The director of Borgwarner Inc, Cuneo Dennis C sold 2,500 shares at $33.53 on May 27, 2016. The Insider selling transaction had a total value worth of $83,825. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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