On a relative basis, the stock has outperformed the S&P 500 by 6.16% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.24% in the last 1 week, and is up 8.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
BorgWarner (NYSE:BWA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.83 and $32.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.26, notching a gain of 2.09% for the day. The total traded volume was 1,391,731 . The stock had closed at $32.58 on the previous day.
The stock has recorded a 20-day Moving Average of 2.72% and the 50-Day Moving Average is 2.85%. BorgWarner Inc. has dropped 1.59% during the last 3-month period . Year-to-Date the stock performance stands at -22.45%.
BorgWarner (BWA) : The consensus price target for BorgWarner (BWA) is $40.73 for the short term with a standard deviation of $7.47. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $58, however, the pessimist price target for the company is $33.
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.