BorgWarner Inc. (BWA)
35.31 USD +2.86 (+8.81%) Volume: 6.38M
BorgWarner Inc.’s stock price surged by 8.81% this trading session, currently standing at 35.31 USD with a trading volume of 6.38M. Despite this impressive performance, the auto parts manufacturer has seen a slight decline of -1.51% YTD, indicating a mixed stock price performance.
Latest developments on BorgWarner Inc.
Borgwarner Inc has seen a surge in its stock price today following a series of positive events. The company reported second-quarter profits that exceeded expectations due to high demand for auto parts. Additionally, Borgwarner secured contracts with three global OEMs for BEV electric cross differentials and commercial vehicle customers. Despite a fall in stock prices earlier in the week, Borgwarner’s Q2 performance has impressed investors, leading to a 9% jump in shares. The company is also looking to save $100M through restructuring for EV projects, further boosting investor confidence in Borgwarner’s future prospects.
A look at BorgWarner Inc. Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Borgwarner Inc has a positive long-term outlook. With a top score in the Value category, the company is seen as a strong investment option. Additionally, its high score in Dividend indicates good potential for consistent returns for investors. While Borgwarner Inc has slightly lower scores in Growth, Resilience, and Momentum, its overall outlook remains favorable.
Borgwarner Inc, a global supplier of engineered systems and components for automotive powertrain applications, is well-positioned for future success according to the Smartkarma Smart Scores. The company’s strong Value and Dividend scores suggest stability and growth potential for investors. With a global presence and a focus on manufacturing high-quality products, Borgwarner Inc is expected to continue serving original equipment manufacturers worldwide with innovative solutions for passenger cars, SUVs, and light trucks.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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