BorgWarner Inc. (NYSE:BWA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, October 17th. The firm presently has a $58.00 price target on the auto parts company’s stock. Zacks Investment Research‘s price target points to a potential upside of 10.16% from the stock’s current price.
According to Zacks, “BorgWarner is poised to benefit from its expansion in asia that will positively impact its sales figure. Also, a strong balance sheet and ample cash flow helps the company to return capital to its shareholders and undertake new acquisitions. Moreover, it has provided a positive guidance for the fiscal 2017. Additionally, BorgWarner’s shares have also outperformed in the industry it belongs to, in the last one month.”
BWA has been the subject of a number of other research reports. Barclays PLC set a $46.00 target price on shares of BorgWarner and gave the stock a “hold” rating in a research note on Sunday, August 6th. Deutsche Bank AG raised their price target on shares of BorgWarner from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. KeyCorp raised their price target on shares of BorgWarner from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 13th. BidaskClub cut shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $55.00 price target (up from $50.00) on shares of BorgWarner in a report on Friday, July 28th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $47.72.
Shares of BorgWarner (NYSE BWA) traded down $0.32 during trading hours on Tuesday, hitting $52.65. 595,037 shares of the company’s stock were exchanged, compared to its average volume of 1,413,348. BorgWarner has a 1 year low of $33.09 and a 1 year high of $53.84. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43. The firm has a market cap of $11,168.12, a price-to-earnings ratio of 14.43, a PEG ratio of 1.54 and a beta of 1.75.
BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.78 earnings per share. analysts forecast that BorgWarner will post 3.82 earnings per share for the current fiscal year.
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In other news, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total value of $134,970.00. Following the completion of the sale, the executive vice president now owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total transaction of $501,539.76. Following the completion of the sale, the insider now directly owns 23,418 shares of the company’s stock, valued at approximately $1,062,708.84. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. CENTRAL TRUST Co raised its holdings in BorgWarner by 5.3% during the 2nd quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock valued at $114,000 after buying an additional 135 shares during the last quarter. Exane Derivatives bought a new position in BorgWarner in the 2nd quarter worth $135,000. Global X Management Co. LLC raised its holdings in BorgWarner by 29.9% in the 1st quarter. Global X Management Co. LLC now owns 3,694 shares of the auto parts company’s stock worth $154,000 after purchasing an additional 851 shares in the last quarter. Rothschild Investment Corp IL bought a new position in BorgWarner in the 3rd quarter worth $205,000. Finally, Reliance Trust Co. of Delaware bought a new position in BorgWarner in the 3rd quarter worth $213,000. Institutional investors own 92.58% of the company’s stock.
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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