In a report released today, Armintas Sinkevicius from Morgan Stanley maintained a Buy rating on BorgWarner (BWA), with a price target of $55. The company’s shares closed yesterday at $37.85, close to its 52-week low of $35.71.
According to TipRanks.com, Sinkevicius is a 2-star analyst with an average return of 0.0% and a 50.0% success rate. Sinkevicius covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, Visteon Corp, and Adient plc.
Currently, the analyst consensus on BorgWarner is a Moderate Buy with an average price target of $49.56.
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The company has a one-year high of $58.22 and a one-year low of $35.71. Currently, BorgWarner has an average volume of 2.42M.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
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BorgWarner, Inc. engages in the provision of technology solutions for combustion, hybrid, and electric vehicles. It operates through Engine and Drivetrain segments. The Engine segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.
