BorgWarner PT Lowered to $73.00 (BWA)
Research analysts at Deutsche Bank cut their target price on shares of BorgWarner (NYSE: BWA) from $74.00 to $73.00 in a report released on Friday. The firm currently has a “hold” rating on the stock.
Shares of BorgWarner (NYSE: BWA) traded down 0.30% during mid-day trading on Friday, hitting $79.69. BorgWarner has a 52 week low of $60.17 and a 52 week high of $87.45. The stock’s 50-day moving average is currently $75.72. The company has a market cap of $9.215 billion and a P/E ratio of 19.14.
BorgWarner (NYSE: BWA) last posted its quarterly earnings results on Thursday, February 14th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.13 by $0.03. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. BorgWarner has set its FY13 guidance at $5.15-5.45 EPS. On average, analysts predict that BorgWarner will post $5.32 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on BWA. Analysts at Robert W. Baird raised their price target on shares of BorgWarner from $69.00 to $80.00 in a research note to investors on Friday, February 15th. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of BorgWarner from $68.00 to $70.00 in a research note to investors on Friday, February 15th. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of BorgWarner in a research note to investors on Friday, February 15th. They now have a $93.00 price target on the stock.
Eleven equities research analysts have rated the stock with a buy rating, and twelve have assigned a hold rating to the company’s stock. The company presently has an average rating of “overweight” and an average target price of $81.75.
BorgWarner Inc. is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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