BorgWarner (BWA) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $48 and the lowest price target forecast is $33. The average forecast of all the analysts is $38.8 and the expected standard deviation is $5.22.
BorgWarner (BWA) : 5 brokerage houses believe that BorgWarner (BWA) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on BorgWarner (BWA). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.46.
Also, Seaport Global initiates coverage on BorgWarner (NYSE:BWA) The brokerage firm has issued a Neutral rating on the shares. The rating by the firm was issued on August 9, 2016.
BorgWarner (NYSE:BWA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.55 and $34.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.61, notching a gain of 0.64% for the day. The total traded volume was 2,617,125 . The stock had closed at $34.39 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.