StockNews.com Upgrades BorgWarner (NYSE:BWA) to Buy

BorgWarner (NYSE:BWAGet Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

BWA has been the subject of a number of other reports. Wells Fargo & Company lifted their price objective on BorgWarner from $52.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, July 11th. Exane BNP Paribas assumed coverage on BorgWarner in a report on Monday, April 11th. They issued a “neutral” rating for the company. The Goldman Sachs Group decreased their target price on BorgWarner from $41.00 to $40.00 in a report on Wednesday, June 1st. BNP Paribas assumed coverage on BorgWarner in a report on Monday, April 11th. They issued a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded BorgWarner from a “hold” rating to a “buy” rating and lifted their target price for the company from $43.00 to $48.00 in a report on Monday, July 18th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.67.

BorgWarner Price Performance

BWA stock opened at $37.87 on Thursday. The business has a fifty day moving average of $36.31 and a two-hundred day moving average of $38.50. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 0.58. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 0.33 and a beta of 1.39. BorgWarner has a 52-week low of $32.28 and a 52-week high of $50.09.

BorgWarner (NYSE:BWAGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The auto parts company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.20. BorgWarner had a return on equity of 13.13% and a net margin of 4.36%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up .0% on a year-over-year basis. As a group, research analysts anticipate that BorgWarner will post 4.09 earnings per share for the current year.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 17,543 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $40.27, for a total value of $706,456.61. Following the sale, the chief accounting officer now owns 40,380 shares of the company’s stock, valued at approximately $1,626,102.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In other BorgWarner news, CAO Tonit M. Calaway sold 17,543 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $40.27, for a total transaction of $706,456.61. Following the transaction, the chief accounting officer now owns 40,380 shares of the company’s stock, valued at approximately $1,626,102.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 4,000 shares of the stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $38.75, for a total value of $155,000.00. Following the transaction, the chief accounting officer now directly owns 57,923 shares in the company, valued at approximately $2,244,516.25. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of BorgWarner

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Meridian Wealth Management LLC acquired a new stake in shares of BorgWarner during the 2nd quarter worth $1,351,000. MQS Management LLC acquired a new stake in shares of BorgWarner during the 2nd quarter worth $599,000. M&T Bank Corp increased its holdings in shares of BorgWarner by 96.7% during the 2nd quarter. M&T Bank Corp now owns 25,399 shares of the auto parts company’s stock worth $459,000 after buying an additional 12,486 shares during the last quarter. Scotia Capital Inc. increased its holdings in BorgWarner by 3.9% in the 2nd quarter. Scotia Capital Inc. now owns 31,374 shares of the auto parts company’s stock valued at $1,047,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its holdings in BorgWarner by 6.2% in the 2nd quarter. Personal CFO Solutions LLC now owns 6,832 shares of the auto parts company’s stock valued at $228,000 after purchasing an additional 396 shares in the last quarter. 90.96% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Company Profile

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BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

Further Reading

Analyst Recommendations for BorgWarner (NYSE:BWA)

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