BorgWarner (BWA) has risen sharply, recording gains of 1.42% in the past 4 weeks. However, the stock has corrected -1.64% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.63% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.02% and the fifty day Moving Average is 3.83%. BorgWarner Inc. is up 0.15% in the last three month period. Year-to-Date the stock performance stands at -21.54%.
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 (NYSE:BWA): On Fridays trading session , Opening price of the stock was $34.51 with an intraday high of $34.51. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $33.55. However, the stock managed to close at $33.65, a loss of 0.36% for the day. On the previous day, the stock had closed at $33.77. The total traded volume of the day was 1,842,642 shares.
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.