BorgWarner (BWA) Receiving Somewhat Favorable Press Coverage, Accern Reports
News coverage about BorgWarner (NYSE:BWA) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. BorgWarner earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 46.5261775186262 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- BorgWarner Inc. (BWA) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- $0.86 Earnings Per Share Expected for BorgWarner Inc. (BWA) This Quarter (americanbankingnews.com)
- Technical Watch – BorgWarner Inc. (BWA) moves -1.00% off from One Year High – Voice Of Analysts (analystsbuzz.com)
- BorgWarner’s 48-volt Technologies Electrify Vehicles for Better Efficiency – Markets Insider (markets.businessinsider.com)
Several equities research analysts have issued reports on the company. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Monday, May 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of BorgWarner in a research report on Wednesday, May 31st. Deutsche Bank AG reaffirmed a “buy” rating and set a $54.00 price objective on shares of BorgWarner in a research report on Wednesday, May 31st. ValuEngine cut BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Morgan Stanley reduced their price objective on BorgWarner from $34.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, June 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $44.00.
Shares of BorgWarner (NYSE:BWA) opened at 48.76 on Monday. The firm has a market capitalization of $10.29 billion, a PE ratio of 54.36 and a beta of 1.73. BorgWarner has a 52-week low of $33.09 and a 52-week high of $49.00. The stock has a 50 day moving average price of $45.87 and a 200-day moving average price of $43.06.
BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. Equities analysts forecast that BorgWarner will post $3.70 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.14 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.15%. BorgWarner’s payout ratio is presently 62.92%.
In other news, EVP Tonit M. Calaway sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total value of $134,970.00. Following the transaction, the executive vice president now owns 34,120 shares in the company, valued at approximately $1,535,058.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total value of $501,539.76. Following the completion of the transaction, the insider now owns 23,418 shares in the company, valued at approximately $1,062,708.84. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
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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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