BorgWarner (NYSE:BWA): The mean short term price target for BorgWarner (NYSE:BWA) has been established at $41.55 per share. The higher price target estimate is at $58 and the lower price target estimate is expected at $33 according to 11 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $7.17
Many analysts have stated their opinion on the company shares. Citigroup 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. Citigroup maintains the current price target of $37 per share on BorgWarner . The rating by the firm was issued on March 29, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, Cuneo Dennis C, director of Borgwarner Inc, unloaded 2,500 shares at an average price of $33.53 on May 27, 2016. The total amount of the transaction was worth $83,825, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
BorgWarner (NYSE:BWA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.91 points or 2.7% at $32.75 with 1,468,765 shares getting traded. Post opening the session at $33.39, the shares hit an intraday low of $32.73 and an intraday high of $33.58 and the price was in this range throughout the day. The company has a market cap of $7,127 million and the number of outstanding shares have been calculated to be 217,619,230 shares. The 52-week high of BorgWarner (NYSE:BWA) is $61.11 and the 52-week low is $27.68.
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.