BorgWarner (BWA) : 13 analysts are covering BorgWarner (BWA) and their average rating on the stock is 2.46, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
BorgWarner (BWA) stock is expected to deviate a maximum of $5.22 from the average target price of $38.8 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $48 and the most muted being $33.
Also, Seaport Global initiates coverage on BorgWarner (NYSE:BWA). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 9, 2016.
BorgWarner (NYSE:BWA): After opening at $34.96, the stock dipped to an intraday low of $34.8 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $35.3701 and the buying power remained strong till the end. The stock closed at $35.09 for the day, a gain of 0.52% for the day session. The total traded volume was 3,543,842. The stocks close on the previous trading day was $34.91.
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.