Morningstar Gives A- Credit Rating to BorgWarner (BWA)
BorgWarner (NYSE:BWA) has earned an “A-” credit rating from Morningstar. The agency’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a two star rating.
A number of other analysts have also recently weighed in on BWA. Analysts at Credit Suisse initiated coverage on shares of BorgWarner in a research note on Wednesday, August 13th. They set a “neutral” rating and a $67.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BorgWarner in a research note on Monday, August 4th. They now have a $64.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of BorgWarner from $75.00 to $78.00 in a research note on Friday, August 1st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $74.67.
BorgWarner (NYSE:BWA) opened at 62.77 on Thursday. BorgWarner has a one year low of $48.125 and a one year high of $67.49. The stock has a 50-day moving average of $63.04 and a 200-day moving average of $62.60. The company has a market cap of $14.337 billion and a price-to-earnings ratio of 21.92.
BorgWarner (NYSE:BWA) last released its earnings data on Thursday, July 31st. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.02. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts expect that BorgWarner will post $3.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, August 28th. This is a boost from BorgWarner’s previous quarterly dividend of $0.13.
BorgWarner Inc, is a global supplier of engineered automotive systems and components primarily for powertrain applications.
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