BorgWarner Inc. (NYSE:BWA) has received a consensus recommendation of “Buy” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $53.92.
BWA has been the topic of a number of research reports. Wolfe Research initiated coverage on shares of BorgWarner in a report on Tuesday, October 2nd. They issued an “outperform” rating on the stock. Citigroup dropped their target price on shares of BorgWarner from $52.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, October 12th. Bank of America upgraded shares of BorgWarner from an “underperform” rating to a “neutral” rating and set a $45.00 target price on the stock in a report on Tuesday, October 23rd. Royal Bank of Canada dropped their target price on shares of BorgWarner to $49.00 and set a “positive” rating on the stock in a report on Wednesday, September 19th. Finally, BMO Capital Markets set a $60.00 target price on shares of BorgWarner and gave the stock a “buy” rating in a report on Thursday, September 20th.
In other news, VP Joel Wiegert sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $39.57, for a total transaction of $158,280.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas T. Stallkamp sold 7,692 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $39.33, for a total transaction of $302,526.36. Following the sale, the director now owns 3,000 shares in the company, valued at approximately $117,990. The disclosure for this sale can be found here. Insiders have sold 28,472 shares of company stock worth $1,126,972 in the last 90 days. 0.74% of the stock is owned by company insiders.
Shares of NYSE BWA traded up $0.21 during midday trading on Friday, reaching $39.66. The company’s stock had a trading volume of 9,089 shares, compared to its average volume of 2,464,436. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.66 and a quick ratio of 1.28. BorgWarner has a one year low of $35.71 and a one year high of $58.22. The company has a market capitalization of $8.22 billion, a P/E ratio of 10.17, a PEG ratio of 1.34 and a beta of 1.81.
BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 25th. The auto parts company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. BorgWarner had a net margin of 5.26% and a return on equity of 22.68%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.45 billion. On average, analysts anticipate that BorgWarner will post 4.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.71%. BorgWarner’s dividend payout ratio is currently 17.48%.
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.
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