Brokerages Set BorgWarner Inc. (NYSE:BWA) PT at $47.70

BorgWarner Inc. (NYSE:BWAGet Rating) has earned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $47.70.

BWA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of BorgWarner from a “hold” rating to a “buy” rating and upped their target price for the stock from $43.00 to $48.00 in a research note on Monday, July 18th. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Wells Fargo & Company upped their target price on shares of BorgWarner from $52.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, July 11th. TheStreet lowered shares of BorgWarner from a “b-” rating to a “c+” rating in a research note on Friday, July 15th. Finally, Royal Bank of Canada upped their target price on shares of BorgWarner from $46.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 4th.

BorgWarner Price Performance

BWA opened at $36.98 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.77 and a debt-to-equity ratio of 0.58. BorgWarner has a 12 month low of $32.28 and a 12 month high of $50.09. The company has a fifty day simple moving average of $37.45 and a 200 day simple moving average of $37.32. The stock has a market cap of $8.76 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.32 and a beta of 1.37.

BorgWarner (NYSE:BWAGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The auto parts company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.20. BorgWarner had a net margin of 4.36% and a return on equity of 13.13%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts expect that BorgWarner will post 4.27 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.17 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.84%. BorgWarner’s payout ratio is 25.28%.

Institutional Investors Weigh In On BorgWarner

A number of institutional investors and hedge funds have recently modified their holdings of the company. AlphaCrest Capital Management LLC raised its holdings in BorgWarner by 39.1% in the 4th quarter. AlphaCrest Capital Management LLC now owns 11,102 shares of the auto parts company’s stock valued at $500,000 after acquiring an additional 3,118 shares during the period. HighTower Advisors LLC raised its holdings in BorgWarner by 22.8% in the 4th quarter. HighTower Advisors LLC now owns 22,763 shares of the auto parts company’s stock valued at $1,025,000 after acquiring an additional 4,226 shares during the period. Pictet Asset Management SA raised its holdings in BorgWarner by 1.9% in the 4th quarter. Pictet Asset Management SA now owns 121,665 shares of the auto parts company’s stock valued at $5,483,000 after acquiring an additional 2,252 shares during the period. Rhumbline Advisers raised its holdings in BorgWarner by 1.9% in the 4th quarter. Rhumbline Advisers now owns 439,804 shares of the auto parts company’s stock valued at $19,822,000 after acquiring an additional 8,103 shares during the period. Finally, Covestor Ltd bought a new position in BorgWarner in the 4th quarter valued at about $65,000. 92.14% of the stock is owned by institutional investors.

About BorgWarner

(Get Rating)

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.

See Also

Analyst Recommendations for BorgWarner (NYSE:BWA)

Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.