Susquehanna Bancshares set a $63.00 target price on BorgWarner (NYSE:BWA) in a report released on Wednesday, March 14th. The firm currently has a buy rating on the auto parts company’s stock.
A number of other brokerages also recently issued reports on BWA. Zacks Investment Research downgraded shares of BorgWarner from a buy rating to a hold rating in a report on Thursday, January 18th. Barclays reiterated a hold rating and issued a $58.00 price target on shares of BorgWarner in a report on Sunday, January 21st. ValuEngine upgraded shares of BorgWarner from a hold rating to a buy rating in a report on Friday, February 2nd. Royal Bank of Canada reiterated a hold rating and issued a $61.00 price target on shares of BorgWarner in a report on Wednesday, December 20th. Finally, Oppenheimer assumed coverage on shares of BorgWarner in a report on Thursday, December 7th. They issued an outperform rating and a $63.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. BorgWarner presently has a consensus rating of Buy and an average price target of $54.17.
Shares of BWA stock traded down $1.20 on Wednesday, hitting $51.27. 1,175,929 shares of the stock traded hands, compared to its average volume of 1,310,029. The company has a market capitalization of $10,794.90, a price-to-earnings ratio of 13.18, a PEG ratio of 1.39 and a beta of 1.81. BorgWarner has a 52 week low of $37.54 and a 52 week 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.
BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.53 billion. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The company’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $0.85 EPS. equities research analysts expect that BorgWarner will post 4.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.33%. BorgWarner’s dividend payout ratio is presently 17.48%.
Several hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of BorgWarner by 15.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 20,346 shares of the auto parts company’s stock worth $1,039,000 after purchasing an additional 2,714 shares during the period. Xact Kapitalforvaltning AB boosted its stake in shares of BorgWarner by 15.8% during the 4th quarter. Xact Kapitalforvaltning AB now owns 62,136 shares of the auto parts company’s stock worth $3,175,000 after purchasing an additional 8,472 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of BorgWarner by 78.5% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 229,887 shares of the auto parts company’s stock worth $11,745,000 after purchasing an additional 101,064 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of BorgWarner by 17.4% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,500 shares of the auto parts company’s stock worth $792,000 after purchasing an additional 2,300 shares during the period. Finally, Slow Capital Inc. purchased a new position in shares of BorgWarner during the 4th quarter worth about $1,270,000. 95.71% of the stock is owned by hedge funds and other institutional investors.
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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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