BorgWarner Inc. (BWA) Receives $37.56 Consensus PT from Brokerages
Shares of BorgWarner Inc. (NYSE:BWA) have earned a consensus recommendation of “Hold” from the sixteen analysts that are covering the company. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $37.56.
A number of research analysts have issued reports on BWA shares. Seaport Global Securities started coverage on BorgWarner in a research note on Tuesday, August 9th. They issued a “neutral” rating for the company. Zacks Investment Research raised BorgWarner from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Bank of America Corp. cut BorgWarner from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $39.00 to $29.00 in a research note on Wednesday, November 9th. Buckingham Research began coverage on BorgWarner in a research report on Tuesday, August 2nd. They set a “neutral” rating and a $33.00 price objective for the company. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $46.00 price objective on shares of BorgWarner in a research report on Wednesday, September 7th.
BorgWarner (NYSE:BWA) opened at 35.38 on Tuesday. The stock’s 50 day moving average price is $34.98 and its 200-day moving average price is $33.74. BorgWarner has a one year low of $27.52 and a one year high of $44.35. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 14.41 and a beta of 1.75.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 27th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. BorgWarner had a return on equity of 18.50% and a net margin of 6.01%. The firm earned $2.21 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. The company’s revenue was up 17.5% on a year-over-year basis. Analysts forecast that BorgWarner will post $3.26 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.14 dividend. This is a positive change from BorgWarner’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, November 29th. This represents a $0.56 annualized dividend and a yield of 1.58%. BorgWarner’s dividend payout ratio is currently 21.14%.
In other BorgWarner news, VP Brady D. Ericson sold 17,132 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $33.69, for a total value of $577,177.08. Following the sale, the vice president now owns 25,502 shares in the company, valued at $859,162.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in BWA. Mizuho Asset Management Co. Ltd. raised its stake in BorgWarner by 106.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,567 shares of the company’s stock valued at $105,000 after buying an additional 1,837 shares in the last quarter. River & Mercantile Asset Management LLP raised its stake in BorgWarner by 166.7% in the second quarter. River & Mercantile Asset Management LLP now owns 4,000 shares of the company’s stock valued at $118,000 after buying an additional 2,500 shares in the last quarter. Pacer Advisors Inc. raised its stake in BorgWarner by 7.2% in the second quarter. Pacer Advisors Inc. now owns 4,021 shares of the company’s stock valued at $119,000 after buying an additional 271 shares in the last quarter. Washington Trust Bank raised its stake in BorgWarner by 1.4% in the second quarter. Washington Trust Bank now owns 4,054 shares of the company’s stock valued at $120,000 after buying an additional 54 shares in the last quarter. Finally, Seven Eight Capital LLC acquired a new stake in BorgWarner during the second quarter valued at about $121,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.
BorgWarner Inc is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices.
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