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BorgWarner (NYSE:BWA) had its price target lowered by stock badysts at Buckingham Research from $55.00 to $48.00 in a research report issued on Wednesday, October 3rd. The firm presently has a “neutral” rating on the auto parts company’s stock. Buckingham Research’s price target indicates a potential upside of 26.15% from the stock’s current price.
Several other research badysts have also issued reports on the stock. Wolfe Research initiated coverage on shares of BorgWarner in a research note on Tuesday, October 2nd. They set an “outperform” rating on the stock. Royal Bank of Canada dropped their price objective on shares of BorgWarner to $49.00 and set a “positive” rating on the stock in a research note on Wednesday, September 19th. BMO Capital Markets set a $60.00 price objective on shares of BorgWarner and gave the company a “buy” rating in a research note on Thursday, September 20th. ValuEngine lowered shares of BorgWarner from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 1st. Finally, Goldman Sachs Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and raised their price objective for the company from $56.00 to $58.00 in a research note on Monday, June 25th. One badyst has rated the stock with a sell rating, five have badigned a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $54.38.
Shares of BWA traded up $0.33 during trading hours on Wednesday, hitting $38.05. 3,335,480 shares of the stock were exchanged, compared to its average volume of 1,809,855. BorgWarner has a fifty-two week low of $35.71 and a fifty-two week high of $58.22. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The stock has a market cap of $7.65 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.25 and a beta of 1.88.
BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. The company had revenue of $2.48 billion during the quarter, compared to badysts’ expectations of $2.45 billion. BorgWarner had a net margin of 5.11% and a return on equity of 22.83%. Sell-side badysts anticipate that BorgWarner will post 4.37 EPS for the current fiscal year.
In other news, EVP Tonit M. Calaway sold 4,590 shares of BorgWarner stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $46.01, for a total value of $211,185.90. Following the completion of the transaction, the executive vice president now owns 34,982 shares in the company, valued at $1,609,521.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas J. Mcgill sold 3,260 shares of BorgWarner stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $44.55, for a total transaction of $145,233.00. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in BWA. Summit Trail Advisors LLC lifted its position in BorgWarner by 2,949.9% during the first quarter. Summit Trail Advisors LLC now owns 126,937 shares of the auto parts company’s stock valued at $127,000 after purchasing an additional 122,775 shares during the last quarter. Cerebellum GP LLC bought a new stake in BorgWarner during the second quarter valued at approximately $166,000. Kohmann Bosshard Financial Services LLC bought a new stake in BorgWarner during the first quarter valued at approximately $173,000. Private Capital Group LLC lifted its position in BorgWarner by 197.0% during the first quarter. Private Capital Group LLC now owns 3,950 shares of the auto parts company’s stock valued at $198,000 after purchasing an additional 2,620 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new stake in BorgWarner during the first quarter valued at approximately $200,000. Institutional investors own 91.66% of the company’s stock.
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.
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