BorgWarner Upgraded by Gabelli to “Buy” (BWA)
BorgWarner (NYSE:BWA) was upgraded by equities researchers at Gabelli from a “hold” rating to a “buy” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of BorgWarner from $63.00 to $65.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BorgWarner in a research note on Wednesday, January 29th. They now have a $57.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $88.92.
Shares of BorgWarner (NYSE:BWA) traded up 2.18% on Friday, hitting $58.1728. 596,291 shares of the company’s stock traded hands. BorgWarner has a 1-year low of $35.215 and a 1-year high of $57.29. The stock’s 50-day moving average is $55.03 and its 200-day moving average is $51.96. The company has a market cap of $13.238 billion and a price-to-earnings ratio of 21.96.
BorgWarner (NYSE:BWA) last released its earnings data on Wednesday, February 19th. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.08. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the company posted $1.16 earnings per share. BorgWarner’s revenue was up 9.7% compared to the same quarter last year. Analysts expect that BorgWarner will post $3.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, February 17th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, January 30th.
BorgWarner Inc is a global supplier of engineered automotive systems and components primarily for powertrain applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.