Guggenheim Initiates Coverage on BorgWarner (NYSE:BWA)

Guggenheim began coverage on shares of BorgWarner (NYSE:BWA) in a research note released on Tuesday morning, BenzingaRatingsTable reports. The firm issued a neutral rating on the auto parts company’s stock.

Several other research analysts have also recently issued reports on BWA. ValuEngine upgraded BorgWarner from a strong sell rating to a sell rating in a research report on Saturday, September 14th. Robert W. Baird set a $51.00 price objective on BorgWarner and gave the stock a buy rating in a research report on Friday, July 26th. Barclays reiterated a buy rating and issued a $44.00 price objective on shares of BorgWarner in a research report on Thursday, July 18th. Morgan Stanley set a $47.00 price objective on BorgWarner and gave the stock a buy rating in a research report on Wednesday, June 26th. Finally, Deutsche Bank cut BorgWarner from a buy rating to a hold rating and cut their price objective for the stock from $50.00 to $44.00 in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $45.43.

BorgWarner stock opened at $38.74 on Tuesday. BorgWarner has a 12 month low of $30.71 and a 12 month high of $44.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 1.31. The business has a 50 day simple moving average of $36.20 and a 200-day simple moving average of $38.18. The stock has a market capitalization of $7.85 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 1.27 and a beta of 1.85.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, July 25th. The auto parts company reported $1.00 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.52 billion. BorgWarner had a return on equity of 20.13% and a net margin of 7.53%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 earnings per share. As a group, equities research analysts anticipate that BorgWarner will post 3.86 EPS for the current year.

Several hedge funds have recently made changes to their positions in BWA. Steward Partners Investment Advisory LLC acquired a new stake in shares of BorgWarner during the second quarter valued at $25,000. Westside Investment Management Inc. acquired a new stake in shares of BorgWarner during the second quarter valued at $27,000. Sandy Spring Bank acquired a new stake in shares of BorgWarner during the second quarter valued at $27,000. CSat Investment Advisory L.P. boosted its stake in shares of BorgWarner by 60.1% during the second quarter. CSat Investment Advisory L.P. now owns 1,531 shares of the auto parts company’s stock valued at $64,000 after acquiring an additional 575 shares during the last quarter. Finally, Robecosam AG boosted its stake in shares of BorgWarner by 10.3% during the third quarter. Robecosam AG now owns 3,200 shares of the auto parts company’s stock valued at $116,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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