Wells Fargo (NYSE:WFC) analyst Colin Langan maintained a Buy rating on BorgWarner (NYSE:BWA) on Wednesday, setting a price target of $66, which is approximately 34.34% above the present share price of $49.13.
Langan expects BorgWarner to post earnings per share (EPS) of $0.27 for the third quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in BorgWarner, with an average price target of $55.1.
The analysts price targets range from a high of $66 to a low of $31.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $4.01 billion and a net profit of $441 million. The company's market cap is $11.47 billion.
According to TipRanks.com, Wells Fargo analyst Colin Langan is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 2.5% and a 60.20% success rate.
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.