BorgWarner (NYSE:BWA) is scheduled to issue its quarterly earnings data before the market opens on Thursday, February 8th. Analysts expect the company to announce earnings of $0.97 per share for the quarter.
Shares of BorgWarner (BWA) opened at $56.26 on Thursday. BorgWarner has a 12 month low of $37.54 and a 12 month high of $58.22. The stock has a market cap of $11,960.00, a price-to-earnings ratio of 40.77, a PEG ratio of 1.56 and a beta of 1.76. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.
In related news, EVP John J. Gasparovic sold 38,409 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the completion of the sale, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Joel Wiegert sold 1,400 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the sale, the vice president now directly owns 16,197 shares of the company’s stock, valued at $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.
BWA has been the subject of several research reports. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Tuesday, December 26th. UBS Group boosted their price objective on shares of BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. KeyCorp boosted their price objective on shares of BorgWarner from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Deutsche Bank cut shares of BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a research note on Thursday, October 12th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $61.00 price objective on shares of BorgWarner in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $52.38.
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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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