BorgWarner (BWA) Stock

BorgWarner is in a good position for a turnaround in the automotive market, backed by strong fundamentals and a solid business plan, making it a "Buy" at $39 per share. Even with uncertainties in the electric vehicle market and recent cuts to forecasts, BorgWarner's diverse technology and long-term contracts provide promising growth potential. The company's expertise in turbochargers and drivetrain technology, along with effective management, reinforces a positive outlook for investors.

Dublin, Nov. 19, 2024 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com has released the "United Kingdom Automotive Actuators Market Report and Forecast 2024-2032." The market for automotive actuators in the UK is expected to grow at a rate of 7.7% annually from 2024 to 2032, driven by the rising popularity of electric and hybrid vehicles, which was valued at $2.61 billion in 2024 and is projected to reach $4.72 billion by 2032. Key factors influencing this growth include advancements in driver-assistance technologies, increased consumer demand for comfort features, and a shift towards sustainable production practices.

BorgWarner (BWA) could see an increase in its stock price due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).

The Zacks Style Scores help investors quickly identify highly-rated stocks that match their investment preferences. Here are some reasons to make the most of this tool.

BWA's regular business successes and the reorganization of PowerDrive Systems are expected to improve its chances in a tough market environment.

Are you looking for ways to choose powerful stocks that can outperform the market for your investment portfolio? The Zacks Style Scores can help you with that.

AUBURN HILLS, Mich., Nov. 7, 2024 /PRNewswire/ -- On November 6, 2024, BorgWarner Inc.'s Board of Directors announced a quarterly cash dividend of $0.11 for each share of common stock.

BorgWarner Inc. (NYSE:BWA) will hold its Q3 2024 Earnings Conference Call on October 31, 2024, at 9:30 AM ET. The call will feature company representatives including Patrick Nolan, Frédéric Lissalde, and Craig Aaron, along with participants from various financial institutions. The conference will be facilitated by Connie.

BorgWarner (BWA) reported quarterly earnings of $1.09 per share, which is higher than the Zacks Consensus Estimate of $0.92 per share. This is an increase compared to earnings of $0.98 per share from the same period last year.