BorgWarner (BWA): Price Target and June Short Interest Disclosure

BorgWarner (BWA) : The highest level BorgWarner (BWA) is projected to reach is $58 for the short term and the lowest estimate is at $33. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $40.86 and the possibility the share price can swing is $7.17.

BorgWarner (BWA) has witnessed a drop of 3.5% or 418,820 shares in its short figure. The short interest diminution took it from 12,109,066 on June 15,2016 to 11,690,246 on June 30,2016. In terms of floated shares, the short interest was calculated to be 5.4%. The days to cover are 3 given that the daily volume averaged 3,350,465 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity analysts at the Brokerage firm Bank of America 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 rating by the firm was issued on June 21, 2016.


BorgWarner (NYSE:BWA): stock turned positive on Thursday. Though the stock opened at $31.81, the bulls momentum made the stock top out at $32.06 level for the day. The stock recorded a low of $31.41 and closed the trading day at $31.54, in the green by 1.19%. The total traded volume for the day was 1,890,602. The stock had closed at $31.17 in the previous days trading.

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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