BorgWarner (NYSE:BWA) was upgraded by investment analysts at Morgan Stanley from an “underweight” rating to an “overweight” rating in a research note issued to investors on Thursday.
BWA has been the subject of a number of other reports. Zacks Investment Research downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. BMO Capital Markets reissued a “buy” rating and issued a $64.00 price target on shares of BorgWarner in a report on Tuesday, March 6th. Barclays reissued a “hold” rating and issued a $58.00 price target on shares of BorgWarner in a report on Sunday, January 21st. ValuEngine raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $61.00 price target on shares of BorgWarner in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $53.11.
Shares of BorgWarner stock opened at $51.08 on Thursday. BorgWarner has a 1-year low of $37.54 and a 1-year high of $58.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.46 and a quick ratio of 1.15. The firm has a market cap of $10,544.35, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.36 and a beta of 1.86.
BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 8th. The auto parts company reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.06. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the company earned $0.85 EPS. BorgWarner’s revenue was up 14.5% on a year-over-year basis. equities research analysts anticipate that BorgWarner will post 4.27 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of BWA. BlackRock Inc. lifted its position in shares of BorgWarner by 11.7% in the fourth quarter. BlackRock Inc. now owns 17,343,810 shares of the auto parts company’s stock worth $886,092,000 after purchasing an additional 1,823,272 shares in the last quarter. Cornerstone Investment Partners LLC lifted its position in shares of BorgWarner by 87.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 3,257,654 shares of the auto parts company’s stock worth $166,434,000 after purchasing an additional 1,519,785 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of BorgWarner by 154.3% in the third quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock worth $106,373,000 after purchasing an additional 1,259,970 shares in the last quarter. American Century Companies Inc. lifted its position in shares of BorgWarner by 245.4% in the fourth quarter. American Century Companies Inc. now owns 1,711,638 shares of the auto parts company’s stock worth $87,448,000 after purchasing an additional 1,216,102 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of BorgWarner by 11.4% in the fourth quarter. LSV Asset Management now owns 3,794,087 shares of the auto parts company’s stock worth $193,839,000 after purchasing an additional 387,390 shares in the last quarter. 95.68% of the stock is owned by institutional investors and hedge funds.
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BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.
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