BorgWarner (BWA) Upgraded to “Outperform” at Royal Bank of Canada

BorgWarner (NYSE:BWA) was upgraded by research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Friday, MarketBeat Ratings reports.

A number of other equities analysts have also commented on BWA. Deutsche Bank lowered BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a report on Thursday, October 12th. KeyCorp raised their price target on BorgWarner from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, October 17th. UBS Group raised their price target on BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Buckingham Research raised their price target on BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $52.59.

Shares of BorgWarner (BWA) traded up $0.67 during midday trading on Friday, reaching $52.61. The company’s stock had a trading volume of 2,340,000 shares, compared to its average volume of 1,531,542. BorgWarner has a 1-year low of $37.54 and a 1-year high of $58.22. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $10,935.97, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 1.45 and a beta of 1.82.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.06. BorgWarner had a return on equity of 21.92% and a net margin of 4.49%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. equities research analysts anticipate that BorgWarner will post 4.16 earnings per share for the current fiscal year.

In related 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 completion of the sale, the vice president now owns 16,197 shares of the company’s stock, valued at $847,912.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction on Monday, December 18th. The shares were 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 directly owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sentry Investment Management LLC raised its position in BorgWarner by 0.9% during the second quarter. Sentry Investment Management LLC now owns 13,520 shares of the auto parts company’s stock valued at $573,000 after purchasing an additional 120 shares in the last quarter. Scotia Capital Inc. raised its position in BorgWarner by 2.6% during the second quarter. Scotia Capital Inc. now owns 12,973 shares of the auto parts company’s stock valued at $550,000 after purchasing an additional 328 shares in the last quarter. Stephens Inc. AR raised its position in BorgWarner by 20.2% during the fourth quarter. Stephens Inc. AR now owns 5,994 shares of the auto parts company’s stock valued at $306,000 after purchasing an additional 1,008 shares in the last quarter. Parkside Investments LLC raised its position in BorgWarner by 2.4% during the fourth quarter. Parkside Investments LLC now owns 45,500 shares of the auto parts company’s stock valued at $2,325,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Norinchukin Bank The raised its position in BorgWarner by 7.3% during the fourth quarter. Norinchukin Bank The now owns 15,846 shares of the auto parts company’s stock valued at $810,000 after purchasing an additional 1,079 shares in the last quarter. Institutional investors and hedge funds own 95.13% 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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