Stock analysts at Guggenheim started coverage on shares of BorgWarner (NYSE:BWA) in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage set a “neutral” rating on the auto parts company’s stock.

Several other equities analysts have also issued reports on BWA. ValuEngine raised BorgWarner from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 14th. Credit Suisse Group lowered their price target on BorgWarner from $50.00 to $47.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Morgan Stanley set a $47.00 price target on BorgWarner and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Royal Bank of Canada lowered BorgWarner from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $44.00 to $41.00 in a research report on Friday, July 26th. Finally, TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.43.

Shares of BWA traded up $0.66 during trading hours on Tuesday, hitting $37.73. The company had a trading volume of 941,983 shares, compared to its average volume of 1,672,380. The firm has a fifty day moving average price of $35.78 and a 200-day moving average price of $38.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.31 and a current ratio of 1.66. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 1.24 and a beta of 1.85. BorgWarner has a 52-week low of $30.71 and a 52-week high of $44.78.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.52 billion. BorgWarner had a return on equity of 20.13% and a net margin of 7.53%. BorgWarner’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. Research analysts anticipate that BorgWarner will post 3.86 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Triangle Securities Wealth Management raised its position in BorgWarner by 1.0% in the 3rd quarter. Triangle Securities Wealth Management now owns 35,571 shares of the auto parts company’s stock worth $1,305,000 after buying an additional 335 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of BorgWarner by 223.3% during the 3rd quarter. Pacer Advisors Inc. now owns 64,558 shares of the auto parts company’s stock valued at $2,368,000 after purchasing an additional 44,588 shares during the period. CHICAGO TRUST Co NA grew its stake in shares of BorgWarner by 4.7% during the 3rd quarter. CHICAGO TRUST Co NA now owns 38,749 shares of the auto parts company’s stock valued at $1,422,000 after purchasing an additional 1,744 shares during the period. Cerebellum GP LLC bought a new stake in shares of BorgWarner during the 3rd quarter valued at about $425,000. Finally, Alpha Windward LLC grew its stake in shares of BorgWarner by 4.7% during the 3rd quarter. Alpha Windward LLC now owns 13,260 shares of the auto parts company’s stock valued at $486,000 after purchasing an additional 600 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Analyst Recommendations for BorgWarner (NYSE:BWA)

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