Oppenheimer began coverage on shares of BorgWarner (NYSE:BWA) in a research report report published on Thursday. The brokerage issued an outperform rating and a $63.00 price objective on the auto parts company’s stock.
Several other equities analysts have also weighed in on BWA. Zacks Investment Research upgraded BorgWarner from a hold rating to a buy rating and set a $52.00 target price on the stock in a report on Tuesday, September 5th. BMO Capital Markets restated an outperform rating on shares of BorgWarner in a report on Tuesday, September 12th. Buckingham Research raised their target price on BorgWarner from $37.00 to $45.00 and gave the company a neutral rating in a report on Thursday, October 19th. Robert W. Baird restated a buy rating and set a $55.00 target price on shares of BorgWarner in a report on Friday, September 1st. Finally, UBS raised their target price on BorgWarner from $57.00 to $60.00 and gave the company a buy rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. BorgWarner has a consensus rating of Hold and an average price target of $49.67.
Shares of BorgWarner (BWA) traded up $0.08 during trading on Thursday, hitting $53.76. The stock had a trading volume of 1,044,100 shares, compared to its average volume of 1,805,487. The firm has a market capitalization of $11,310.00, a PE ratio of 14.45, a PEG ratio of 1.54 and a beta of 1.75. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. BorgWarner has a 1-year low of $37.54 and a 1-year high of $55.86.
BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company earned $0.78 earnings per share. BorgWarner’s quarterly revenue was up 9.1% compared to the same quarter last year. research analysts anticipate that BorgWarner will post 3.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a yield of 1.26%. BorgWarner’s dividend payout ratio (DPR) is 49.28%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its holdings in BorgWarner by 0.3% during the second quarter. CIBC Asset Management Inc now owns 19,211 shares of the auto parts company’s stock valued at $814,000 after purchasing an additional 61 shares in the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in BorgWarner by 1.7% during the second quarter. Cutter & CO Brokerage Inc. now owns 5,270 shares of the auto parts company’s stock valued at $223,000 after purchasing an additional 90 shares in the last quarter. MML Investors Services LLC boosted its holdings in BorgWarner by 1.2% during the second quarter. MML Investors Services LLC now owns 7,407 shares of the auto parts company’s stock valued at $314,000 after purchasing an additional 91 shares in the last quarter. Mastrapasqua Asset Management Inc. boosted its holdings in BorgWarner by 0.4% during the second quarter. Mastrapasqua Asset Management Inc. now owns 27,858 shares of the auto parts company’s stock valued at $1,180,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in BorgWarner by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the auto parts company’s stock valued at $525,000 after purchasing an additional 100 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors.
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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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