BorgWarner (BWA) : Traders are bullish on BorgWarner (BWA) as it has outperformed the S&P 500 by a wide margin of 4.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.65%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.2% in the last 1 week, and is up 1.99% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.92% and the 50-Day Moving Average is 4.51%.The 200 Day SMA reached 1.22% BorgWarner Inc. is up 4.61% in the last 3-month period. Year-to-Date the stock performance stands at -18.34%.
BorgWarner (BWA) : The highest level BorgWarner (BWA) is projected to reach is $48 for the short term and the lowest estimate is at $33. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $38.8 and the possibility the share price can swing is $5.22.
For the current week, the company shares have a recommendation consensus of Buy. BorgWarner (NYSE:BWA): stock was range-bound between the intraday low of $34.54 and the intraday high of $35.005 after having opened at $34.9 on Fridays session. The stock finally closed in the red at $34.9, a loss of -0.57%. The stock remained in the red for the whole trading day. The total traded volume was 5,158,241 shares. The stock failed to cross $35.005 in Fridays trading. The stocks closing price on Thursday was $35.09.
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.