BorgWarner (NYSE:BWA) Downgraded to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of BorgWarner (NYSE:BWA) from a sell rating to a strong sell rating in a report published on Saturday, ValuEngine reports.

A number of other equities research analysts have also commented on the stock. Morgan Stanley set a $47.00 price target on shares of BorgWarner and gave the company a buy rating in a report on Wednesday, June 26th. Barclays reiterated a buy rating and set a $44.00 price target on shares of BorgWarner in a report on Thursday, July 18th. Royal Bank of Canada lowered shares of BorgWarner from an outperform rating to a sector perform rating and lowered their price target for the company from $44.00 to $41.00 in a report on Friday, July 26th. Guggenheim assumed coverage on shares of BorgWarner in a report on Tuesday, October 15th. They set a neutral rating for the company. Finally, Deutsche Bank lowered shares of BorgWarner from a buy rating to a hold rating and lowered their price target for the company from $50.00 to $44.00 in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. BorgWarner has a consensus rating of Hold and a consensus price target of $45.43.

NYSE:BWA opened at $39.74 on Friday. The company has a fifty day moving average of $36.71 and a 200 day moving average of $38.16. BorgWarner has a 52 week low of $30.71 and a 52 week high of $44.78. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $8.00 billion, a P/E ratio of 8.87, a P/E/G ratio of 1.30 and a beta of 1.85.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $1.00 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.00. BorgWarner had a net margin of 7.53% and a return on equity of 20.13%. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business posted $1.18 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year. As a group, analysts anticipate that BorgWarner will post 3.85 EPS for the current year.

A number of institutional investors have recently modified their holdings of BWA. Amundi Pioneer Asset Management Inc. increased its position in BorgWarner by 95.5% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 2,149,267 shares of the auto parts company’s stock valued at $90,226,000 after purchasing an additional 1,049,785 shares during the period. Victory Capital Management Inc. grew its position in shares of BorgWarner by 16.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,984,092 shares of the auto parts company’s stock worth $251,212,000 after buying an additional 824,302 shares during the period. Invesco Ltd. grew its position in shares of BorgWarner by 41.2% in the 2nd quarter. Invesco Ltd. now owns 2,760,862 shares of the auto parts company’s stock worth $115,901,000 after buying an additional 805,905 shares during the period. Nuveen Asset Management LLC purchased a new stake in shares of BorgWarner in the 2nd quarter worth about $25,429,000. Finally, Bank of New York Mellon Corp grew its position in shares of BorgWarner by 25.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,288,622 shares of the auto parts company’s stock worth $96,076,000 after buying an additional 465,672 shares during the period. 91.06% of the stock is currently owned by institutional investors and hedge funds.

About BorgWarner

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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Analyst Recommendations for BorgWarner (NYSE:BWA)

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