BorgWarner Inc. (BWA) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of BorgWarner Inc. (NYSE:BWA) have earned a consensus recommendation of “Hold” from the twenty brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $51.47.

Several analysts recently issued reports on the stock. ValuEngine raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada raised shares of BorgWarner from a “sector perform” rating to an “outperform” rating in a report on Friday, February 9th. Barclays reaffirmed a “hold” rating and issued a $58.00 price target on shares of BorgWarner in a report on Sunday, January 21st. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Thursday, January 11th. Finally, Wells Fargo & Co upped their price target on shares of BorgWarner from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Friday, February 9th.

Shares of BorgWarner (NYSE:BWA) opened at $52.31 on Wednesday. The stock has a market cap of $11,030.00, a price-to-earnings ratio of 25.27, a P/E/G ratio of 1.44 and a beta of 1.81. The company has a quick ratio of 1.15, a current ratio of 1.46 and a debt-to-equity ratio of 0.55. BorgWarner has a twelve month low of $37.54 and a twelve month high of $58.22.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.06. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.53 billion. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. equities analysts predict that BorgWarner will post 4.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.68 annualized dividend and a yield of 1.30%. BorgWarner’s payout ratio is 32.85%.

In other news, VP Joel Wiegert sold 1,400 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the transaction, the vice president now owns 16,197 shares in the company, valued at $847,912.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John J. Gasparovic sold 38,409 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the transaction, the executive vice president now 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 owned by insiders.

Several institutional investors have recently added to or reduced their stakes in BWA. Cerebellum GP LLC bought a new position in shares of BorgWarner during the fourth quarter worth about $119,000. Advisors Preferred LLC bought a new position in shares of BorgWarner during the fourth quarter worth about $119,000. Calton & Associates Inc. bought a new position in shares of BorgWarner during the fourth quarter worth about $150,000. Zeke Capital Advisors LLC bought a new position in shares of BorgWarner during the third quarter worth about $201,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of BorgWarner during the third quarter worth about $202,000. Institutional investors and hedge funds own 96.25% of the company’s stock.

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About BorgWarner

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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