Wolfe Research set a $50.00 price target on BorgWarner (NYSE:BWA) in a research note released on Friday, November 1st, TipRanks reports. The brokerage currently has a buy rating on the auto parts company’s stock.
A number of other analysts have also issued reports on the company. Zacks Investment Research lowered BorgWarner from a hold rating to a sell rating and set a $39.00 target price on the stock. in a report on Friday, September 27th. TheStreet lowered BorgWarner from a b- rating to a c+ rating in a report on Thursday, August 22nd. Citigroup reduced their price objective on BorgWarner from $45.00 to $42.00 and set a neutral rating for the company in a research report on Tuesday, July 30th. 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. Finally, Credit Suisse Group raised their price objective on BorgWarner from $42.00 to $43.00 and gave the stock an outperform rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. BorgWarner has a consensus rating of Hold and an average target price of $45.33.
Shares of BWA traded up $0.09 during midday trading on Friday, reaching $46.40. 209,092 shares of the stock were exchanged, compared to its average volume of 1,679,818. The company has a quick ratio of 1.26, a current ratio of 1.58 and a debt-to-equity ratio of 0.36. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 1.48 and a beta of 1.85. The firm has a 50 day simple moving average of $38.56 and a 200-day simple moving average of $38.07. BorgWarner has a 12-month low of $30.71 and a 12-month high of $46.33.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.11. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.39 billion. BorgWarner had a return on equity of 19.43% and a net margin of 7.43%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 EPS. Research analysts expect that BorgWarner will post 3.92 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWA. Scotia Capital Inc. acquired a new position in shares of BorgWarner in the second quarter valued at approximately $1,035,000. Paloma Partners Management Co bought a new position in BorgWarner during the 2nd quarter worth $1,314,000. Victory Capital Management Inc. raised its position in BorgWarner by 16.0% during 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 purchasing an additional 824,302 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in BorgWarner by 855.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,616 shares of the auto parts company’s stock worth $2,209,000 after purchasing an additional 47,110 shares during the last quarter. Finally, Andra AP fonden raised its position in BorgWarner by 7.1% during the 2nd quarter. Andra AP fonden now owns 118,000 shares of the auto parts company’s stock worth $4,954,000 after purchasing an additional 7,800 shares during the last quarter. 90.68% of the stock is owned by institutional investors.
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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