Wells Fargo analyst Colin Langan maintained a Buy rating on BorgWarner (BWA – Research Report) today and set a price target of $43.00. The company’s shares closed last Friday at $31.15.
Langan covers the Consumer Cyclical sector, focusing on stocks such as Autoliv, BorgWarner, and Dana Holding. According to TipRanks, Langan has an average return of -6.2% and a 45.05% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BorgWarner with a $39.69 average price target.
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BWA market cap is currently $7.16B and has a P/E ratio of 11.68.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BWA in relation to earlier this year.
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BorgWarner (BWA) Company Description:
BorgWarner, Inc. engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Engine and Drivetrain. The Engine segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance. The Drivetrain segment focuses in the products that improve fuel economy, reduce emissions, and enhance performance in combustion, hybrid and electric vehicles. The company was founded in 1928 and is headquartered in Auburn Hills, MI.
Read More on BWA:
- BorgWarner Appoints Amy Kulikowski as New VP and CAO
- BorgWarner names Amy Kulikowski as Chief Accounting Officer
- Ex-Dividend Date Nearing for These 10 Stocks – Week of February 26, 2024
- BorgWarner recommends shareholders reject mini-tender offer
- BorgWarner Recommends Stockholders Reject the Below Market Mini-Tender Offer by TRC Capital Investment Corporation
