BorgWarner Continues to Outperform
The global auto market is slowing, but you wouldn't know it from the latest results from vehicle technology company BorgWarner, Inc (NYSE: BWA). The company has consistently demonstrated an ability to outgrow its end markets. As a consequence, its strong set of third-quarter results encouraged management to raise full-year guidance and left analysts wondering if BorgWarner's earnings growth could accelerate. Let's take a look at what happened in the third quarter.
BorgWarner continues to grow revenue more than the car industry grows production. Image source: Getty Images.
Starting with the headline numbers from the quarter:
Source: Fool.com
Borgwarner Inc. Stock
€29.67
0.950%
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
As a result the target price of 41 € shows a positive potential of 38.21% compared to the current price of 29.67 € for Borgwarner Inc..
