A number of other analysts also recently issued reports on BWA. Barclays restated a buy rating and set a $44.00 price objective on shares of BorgWarner in a report on Thursday, July 18th. Morgan Stanley set a $47.00 price objective on shares of BorgWarner and gave the stock a buy rating in a report on Wednesday, June 26th. Guggenheim assumed coverage on shares of BorgWarner in a report on Tuesday, October 15th. They set a neutral rating for the company. Deutsche Bank downgraded shares of BorgWarner from a buy rating to a hold rating and decreased their price objective for the stock from $50.00 to $44.00 in a report on Friday, July 26th. Finally, TheStreet downgraded shares of BorgWarner from a b- rating to a c+ rating in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. BorgWarner currently has a consensus rating of Hold and an average target price of $45.43.
BWA opened at $39.74 on Friday. 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 company’s 50-day moving average is $36.71 and its 200 day moving average is $38.16. BorgWarner has a fifty-two week low of $30.71 and a fifty-two week high of $44.78. The firm has a market capitalization of $8.00 billion, a P/E ratio of 8.87, a PEG ratio of 1.30 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 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm earned $1.18 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. On average, equities research analysts expect that BorgWarner will post 3.85 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new position in shares of BorgWarner in the second quarter worth about $25,000. Westside Investment Management Inc. purchased a new position in shares of BorgWarner in the second quarter worth about $27,000. Sandy Spring Bank purchased a new position in shares of BorgWarner in the second quarter worth about $27,000. CSat Investment Advisory L.P. increased its stake in shares of BorgWarner by 60.1% in the second quarter. CSat Investment Advisory L.P. now owns 1,531 shares of the auto parts company’s stock worth $64,000 after purchasing an additional 575 shares in the last quarter. Finally, Robecosam AG increased its stake in shares of BorgWarner by 10.3% in the third quarter. Robecosam AG now owns 3,200 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.
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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