BorgWarner Inc. (BWA) Rating Reiterated by Robert W. Baird
BorgWarner Inc. (NYSE:BWA)‘s stock had its “buy” rating reaffirmed by stock analysts at Robert W. Baird in a research note issued to investors on Friday. They presently have a $55.00 price objective on the auto parts company’s stock. Robert W. Baird’s price target would indicate a potential upside of 17.87% from the company’s previous close.
BWA has been the topic of several other reports. Zacks Investment Research lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America Corporation restated an “underperform” rating and issued a $27.00 price objective (down from $30.00) on shares of BorgWarner in a report on Friday, June 16th. BMO Capital Markets restated an “outperform” rating and issued a $55.00 price objective (up from $50.00) on shares of BorgWarner in a report on Friday, July 28th. Jefferies Group LLC restated a “buy” rating and issued a $56.00 price objective on shares of BorgWarner in a report on Tuesday, August 29th. Finally, Morgan Stanley reduced their price objective on shares of BorgWarner from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, June 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $43.80.
BorgWarner (NYSE BWA) opened at 46.66 on Friday. BorgWarner has a 1-year low of $33.09 and a 1-year high of $48.03. The stock has a market cap of $9.85 billion, a P/E ratio of 52.02 and a beta of 1.73. The company has a 50-day moving average of $45.61 and a 200 day moving average of $42.74.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.07. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.27 billion. BorgWarner had a net margin of 2.06% and a return on equity of 20.75%. BorgWarner’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. Analysts predict that BorgWarner will post $3.70 EPS for the current year.
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In other BorgWarner news, insider Brady D. Ericson sold 11,052 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total transaction of $501,539.76. Following the sale, the insider now directly owns 23,418 shares in the company, valued at $1,062,708.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tonit M. Calaway sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total transaction of $134,970.00. Following the sale, the executive vice president now owns 34,120 shares in the company, valued at $1,535,058.80. The disclosure for this sale can be found here. Insiders have sold 15,052 shares of company stock worth $680,570 over the last quarter. Insiders own 0.66% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in BorgWarner during the first quarter worth $105,000. Van ECK Associates Corp raised its stake in BorgWarner by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,702 shares of the auto parts company’s stock worth $113,000 after buying an additional 171 shares during the last quarter. CENTRAL TRUST Co raised its stake in BorgWarner by 5.3% in the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock worth $114,000 after buying an additional 135 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in BorgWarner by 13.7% in the first quarter. SRS Capital Advisors Inc. now owns 2,929 shares of the auto parts company’s stock worth $122,000 after buying an additional 354 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in BorgWarner by 6.4% in the first quarter. Whittier Trust Co. now owns 3,165 shares of the auto parts company’s stock worth $132,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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