BorgWarner Inc. (NYSE:BWA) has been assigned a consensus recommendation of "Buy" from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $47.40.
A number of brokerages recently issued reports on BWA. Oppenheimer reissued a "buy" rating and set a $54.00 price target on shares of BorgWarner in a research note on Wednesday, April 21st. Wells Fargo & Company began coverage on BorgWarner in a research note on Wednesday, March 31st. They set an "overweight" rating and a $64.00 price target for the company. Morgan Stanley raised their price target on BorgWarner from $27.00 to $29.00 and gave the stock an "underweight" rating in a research note on Thursday, February 25th. Royal Bank of Canada lifted their target price on BorgWarner from $41.00 to $43.00 and gave the company a "sector perform" rating in a research report on Tuesday, March 30th. Finally, Barclays lifted their target price on BorgWarner from $39.00 to $41.00 and gave the company an "equal weight" rating in a research report on Thursday, January 21st.
Shares of BWA stock traded down $0.71 on Tuesday, reaching $48.55. 76,068 shares of the company's stock were exchanged, compared to its average volume of 2,515,605. BorgWarner has a 52 week low of $25.17 and a 52 week high of $51.88. The company has a current ratio of 2.35, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $11.60 billion, a PE ratio of 27.74, a P/E/G ratio of 1.03 and a beta of 1.76. The company's fifty day simple moving average is $47.84 and its 200 day simple moving average is $42.43.
BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Wednesday, February 10th. The auto parts company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.88 by $0.30. BorgWarner had a return on equity of 11.48% and a net margin of 4.11%. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.62 billion. As a group, sell-side analysts predict that BorgWarner will post 2.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Tuesday, June 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, May 28th. BorgWarner's payout ratio is 16.46%.
In other news, VP Volker Weng sold 2,973 shares of the business's stock in a transaction on Friday, March 5th. The stock was sold at an average price of $46.91, for a total value of $139,463.43. Insiders own 0.51% of the company's stock.
A number of hedge funds have recently made changes to their positions in the stock. Huntington National Bank grew its stake in BorgWarner by 24.7% during the 1st quarter. Huntington National Bank now owns 1,177 shares of the auto parts company's stock worth $55,000 after buying an additional 233 shares during the last quarter. Optimum Investment Advisors grew its stake in BorgWarner by 10.2% during the 4th quarter. Optimum Investment Advisors now owns 3,243 shares of the auto parts company's stock worth $125,000 after buying an additional 300 shares during the last quarter. CHICAGO TRUST Co NA grew its stake in BorgWarner by 0.6% during the 4th quarter. CHICAGO TRUST Co NA now owns 59,172 shares of the auto parts company's stock worth $2,286,000 after buying an additional 362 shares during the last quarter. Intersect Capital LLC grew its stake in BorgWarner by 7.2% during the 1st quarter. Intersect Capital LLC now owns 5,715 shares of the auto parts company's stock worth $265,000 after buying an additional 383 shares during the last quarter. Finally, Triangle Securities Wealth Management grew its stake in BorgWarner by 1.1% during the 4th quarter. Triangle Securities Wealth Management now owns 35,504 shares of the auto parts company's stock worth $1,372,000 after buying an additional 385 shares during the last quarter. Hedge funds and other institutional investors own 86.28% of the company's stock.
BorgWarner Company Profile
BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.
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