BorgWarner (BWA) : 14 analysts are covering BorgWarner (BWA) and their average rating on the stock is 2.36, which is read as a Buy. 6 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 4, which recommends a Sell 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) : 11 investment research analysts covering BorgWarner (BWA) have an average price target of $41 for the near short term. The highest target price given by the Brokerage Firm to the stock is $58 and the lowest target is $33 for the short term. Analysts expect the variance to be within $7.11 of the average price.
BorgWarner (NYSE:BWA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.10 and $27.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.68, notching a gain of 0.56% for the day. The total traded volume was 3,635,453 . The stock had closed at $28.52 on the previous day.
Also, Equity Analysts at the Bank of America downgrades the rating on BorgWarner (NYSE:BWA). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 21, 2016. The company shares have dropped -46.65% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $55.59 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $32.62 and the 200 Day Moving Average price is recorded at $34.51.
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.