BorgWarner Inc (BWA) stock forecast: Can it reach its 52-week high of $46.80

BorgWarner Inc [BWA] stock prices are up 4.01% to $34.51 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BWA shares have gain 9.00% over the last week, with a monthly amount glided 2.37%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

BorgWarner Inc [NYSE: BWA] stock has seen the most recent analyst activity on March 15, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $43. Previously, Exane BNP Paribas downgraded its rating to Neutral on February 20, 2024, and dropped its price target to $35. On January 03, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $39 on the stock. Guggenheim upgraded its rating to a Buy but stick to its price target of $41 on November 16, 2023. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $36 on November 03, 2023. UBS started tracking with a Buy rating for this stock on September 13, 2023, and assigned it a price target of $52. In a note dated August 17, 2023, Nomura downgraded an Neutral rating on this stock but restated the target price of $44.

The stock price of BorgWarner Inc [BWA] has been fluctuating between $29.51 and $46.80 over the past year. Currently, Wall Street analysts expect the stock to reach $48.71 within the next 12 months. BorgWarner Inc [NYSE: BWA] shares were valued at $34.51 at the most recent close of the market. An investor can expect a potential return of 41.15% based on the average BWA price forecast.

Analyzing the BWA fundamentals

The BorgWarner Inc [NYSE:BWA] reported sales of 15.26B for trailing twelve months, representing a drop of -14.00%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.1 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 33.49 points at the first support level, and at 32.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.07, and for the 2nd resistance point, it is at 35.64.

Ratios To Look Out For

It’s worth pointing out that BorgWarner Inc [NYSE:BWA]’s Current Ratio is 1.54. On the other hand, the Quick Ratio is 1.20, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 13.05.

Transactions by insiders

Recent insider trading involved Demmerle Stefan, Vice President, that happened on Mar 13 ’24 when 3000.0 shares were sold. Vice President, Weng Volker completed a deal on Mar 07 ’24 to sell 20000.0 shares. Meanwhile, Vice President Demmerle Stefan sold 3000.0 shares on Mar 05 ’24.

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