BorgWarner (BWA) Receives “Hold” Rating from Barclays

BorgWarner (NYSE:BWA)‘s stock had its “hold” rating reissued by equities researchers at Barclays in a report released on Sunday. They currently have a $58.00 price objective on the auto parts company’s stock. Barclays’ target price indicates a potential upside of 1.86% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada restated a “hold” rating and set a $61.00 price objective on shares of BorgWarner in a research note on Wednesday, December 20th. Oppenheimer assumed coverage on BorgWarner in a research note on Thursday, December 7th. They set an “outperform” rating and a $63.00 price objective on the stock. BMO Capital Markets raised their price objective on BorgWarner from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. Finally, Citigroup raised their price objective on BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $52.38.

Shares of BorgWarner (NYSE BWA) traded down $0.17 during trading hours on Friday, reaching $56.94. The company’s stock had a trading volume of 956,058 shares, compared to its average volume of 1,410,000. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. BorgWarner has a fifty-two week low of $37.54 and a fifty-two week high of $58.22. The company has a market cap of $12,010.00, a PE ratio of 41.26, a PEG ratio of 1.57 and a beta of 1.76.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.07. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the business earned $0.78 EPS. The business’s revenue was up 9.1% on a year-over-year basis. equities research analysts forecast that BorgWarner will post 3.83 earnings per share for the current year.

In other news, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the sale, the vice president now directly owns 16,197 shares in the company, valued at approximately $847,912.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.60, for a total value of $2,020,313.40. Following the sale, the executive vice president now owns 63,937 shares in the company, valued at $3,363,086.20. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in BorgWarner by 5.9% in the 4th quarter. Van ECK Associates Corp now owns 2,531 shares of the auto parts company’s stock worth $100,000 after acquiring an additional 142 shares during the last quarter. SRS Capital Advisors Inc. purchased a new stake in BorgWarner in the 4th quarter worth about $102,000. Mizuho Asset Management Co. Ltd. increased its holdings in BorgWarner by 106.2% in the 2nd quarter. Mizuho Asset Management Co. Ltd. now owns 3,567 shares of the auto parts company’s stock worth $105,000 after acquiring an additional 1,837 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in BorgWarner in the 1st quarter worth about $105,000. Finally, CENTRAL TRUST Co increased its holdings in BorgWarner by 5.3% in the 2nd quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock worth $114,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

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BorgWarner Company Profile

BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.

Analyst Recommendations for BorgWarner (NYSE:BWA)

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