BorgWarner (BWA) Given a $63.00 Price Target by Susquehanna Bancshares Analysts

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.

How to Become a New Pot Stock Millionaire

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.

TRADEMARK VIOLATION WARNING: This news story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/04/08/susquehanna-bancshares-analysts-give-borgwarner-bwa-a-63-00-price-target.html.

About BorgWarner

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.

Analyst Recommendations for BorgWarner (NYSE:BWA)

Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply