BorgWarner Inc. (BWA) Given Consensus Recommendation of “Buy” by Analysts

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.

Several hedge funds have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its stake in shares of BorgWarner by 72.4% in the first quarter. Allianz Asset Management GmbH now owns 165,471 shares of the auto parts company’s stock worth $8,312,000 after purchasing an additional 69,483 shares during the last quarter. IFM Investors Pty Ltd raised its stake in shares of BorgWarner by 41.5% in the second quarter. IFM Investors Pty Ltd now owns 10,821 shares of the auto parts company’s stock worth $467,000 after purchasing an additional 3,174 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of BorgWarner by 17.8% in the second quarter. State of Alaska Department of Revenue now owns 54,026 shares of the auto parts company’s stock worth $2,330,000 after purchasing an additional 8,150 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of BorgWarner by 7.1% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 64,942 shares of the auto parts company’s stock worth $2,803,000 after purchasing an additional 4,293 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. raised its stake in shares of BorgWarner by 71.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 43,062 shares of the auto parts company’s stock worth $1,859,000 after purchasing an additional 17,962 shares during the last quarter. Institutional investors and hedge funds own 93.35% of the company’s stock.

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%.

About BorgWarner

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.

Featured Story: Insider Trading

Analyst Recommendations for BorgWarner (NYSE:BWA)

Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply