BorgWarner Inc. (NYSE:BWA) had its target price lifted by Buckingham Research from $37.00 to $45.00 in a research report report published on Thursday, October 19th. Buckingham Research currently has a neutral rating on the auto parts company’s stock.
A number of other brokerages have also recently issued reports on BWA. UBS AG upped their target price on BorgWarner from $57.00 to $60.00 and gave the company a buy rating in a research report on Thursday, October 19th. Zacks Investment Research raised BorgWarner from a hold rating to a buy rating and set a $58.00 target price for the company in a research report on Tuesday, October 17th. Deutsche Bank AG cut BorgWarner from a buy rating to a hold rating and set a $55.00 target price for the company. in a research report on Thursday, October 12th. KeyCorp increased their price objective on BorgWarner from $50.00 to $56.00 and gave the stock a buy rating in a research report on Friday, October 13th. Finally, BMO Capital Markets reaffirmed an outperform rating and set a $55.00 price objective (up from $50.00) on shares of BorgWarner in a research report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. BorgWarner presently has a consensus rating of Hold and a consensus price target of $46.76.
BorgWarner (NYSE BWA) traded down 0.94% on Thursday, hitting $52.87. 1,291,182 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $50.77 and a 200-day moving average price of $45.19. BorgWarner has a 12 month low of $33.09 and a 12 month high of $53.84. The stock has a market cap of $11.16 billion, a P/E ratio of 58.94 and a beta of 1.76.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts predict that BorgWarner will post $3.74 earnings per share for the current fiscal year.
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In other BorgWarner news, insider Brady D. Ericson sold 11,052 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total transaction of $501,539.76. Following the completion of the transaction, the insider now owns 23,418 shares of the company’s stock, valued at $1,062,708.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tonit M. Calaway sold 3,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 34,120 shares in the company, valued at approximately $1,535,058.80. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of BorgWarner by 1.3% during the third quarter. Victory Capital Management Inc. now owns 3,904,799 shares of the auto parts company’s stock worth $200,044,000 after purchasing an additional 50,161 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of BorgWarner during the third quarter worth $1,189,000. Rothschild Investment Corp IL acquired a new stake in shares of BorgWarner during the third quarter worth $205,000. Leavell Investment Management Inc. boosted its holdings in shares of BorgWarner by 18.9% during the third quarter. Leavell Investment Management Inc. now owns 12,600 shares of the auto parts company’s stock worth $645,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Davis R M Inc. boosted its holdings in shares of BorgWarner by 2.0% during the third quarter. Davis R M Inc. now owns 647,295 shares of the auto parts company’s stock worth $33,161,000 after purchasing an additional 12,684 shares during the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.
BorgWarner Company Profile
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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