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BorgWarner Inc. (NYSE:BWA) Receives Consensus Recommendation of "Buy" from Analysts

Last updated on Tuesday, May 4, 2021 | 2021 MarketBeat

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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Analyst Recommendations for BorgWarner (NYSE:BWA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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