BorgWarner (NYSE:BWA) had its price target hoisted by equities research analysts at Morgan Stanley from $45.00 to $52.00 in a report issued on Thursday, November 21st, AnalystRatings.com reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. Morgan Stanley’s price objective suggests a potential upside of 19.95% from the company’s previous close.
Several other brokerages have also recently issued reports on BWA. Royal Bank of Canada set a $41.00 target price on shares of BorgWarner and gave the company a “hold” rating in a report on Friday, November 1st. Barclays reissued a “buy” rating and issued a $46.00 price target on shares of BorgWarner in a research report on Sunday, November 3rd. Deutsche Bank downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and decreased their price objective for the company from $50.00 to $44.00 in a research note on Friday, July 26th. Oppenheimer set a $47.00 target price on BorgWarner and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Guggenheim began coverage on BorgWarner in a research report on Tuesday, October 15th. They issued a “neutral” rating for the company. Two equities research 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. The company presently has an average rating of “Hold” and a consensus target price of $45.67.
BWA stock opened at $43.35 on Thursday. The business’s 50-day moving average is $42.73 and its two-hundred day moving average is $38.60. The firm has a market capitalization of $8.95 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.43 and a beta of 1.85. BorgWarner has a 1 year low of $30.71 and a 1 year high of $46.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.58 and a quick ratio of 1.26.
BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.39 billion. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 earnings per share. On average, analysts expect that BorgWarner will post 3.92 EPS for the current year.
A number of hedge funds have recently made changes to their positions in BWA. Scotia Capital Inc. purchased a new stake in shares of BorgWarner in the second quarter valued at about $1,035,000. Paloma Partners Management Co acquired a new stake in shares of BorgWarner during the second quarter valued at $1,314,000. Victory Capital Management Inc. increased 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 in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased 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 in the last quarter. Finally, Andra AP fonden raised its stake in BorgWarner by 7.1% in the 2nd quarter. Andra AP fonden now owns 118,000 shares of the auto parts company’s stock valued at $4,954,000 after purchasing an additional 7,800 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other 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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