BorgWarner (BWA) Rating Reiterated by Royal Bank of Canada

BorgWarner (NYSE:BWA)‘s stock had its “hold” rating reiterated by analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday, December 20th. They currently have a $61.00 price objective on the auto parts company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 6.59% from the stock’s current price.

A number of other analysts have also issued reports on BWA. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Tuesday, August 22nd. Jefferies Group reaffirmed a “buy” rating and issued a $56.00 price objective on shares of BorgWarner in a report on Tuesday, August 29th. Robert W. Baird reaffirmed a “buy” rating and issued a $55.00 price objective on shares of BorgWarner in a report on Friday, September 1st. ValuEngine downgraded shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, BMO Capital Markets reissued an “outperform” rating on shares of BorgWarner in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $51.88.

BorgWarner (BWA) traded up $1.32 during midday trading on Wednesday, reaching $57.23. 2,350,000 shares of the company traded hands, compared to its average volume of 1,400,000. BorgWarner has a 52-week low of $37.54 and a 52-week high of $57.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. The stock has a market capitalization of $12,070.00, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 1.57 and a beta of 1.76.

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

In other BorgWarner news, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the transaction, the vice president now owns 16,197 shares of the company’s stock, valued at approximately $847,912.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction dated 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 transaction, the executive vice president now directly owns 63,937 shares in the company, 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 insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in BWA. Goldman Sachs Group Inc. grew its stake in shares of BorgWarner by 108.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,496,736 shares of the auto parts company’s stock valued at $105,762,000 after buying an additional 1,297,584 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of BorgWarner by 154.3% in the 3rd quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock valued at $106,373,000 after buying an additional 1,259,970 shares in the last quarter. Rothschild Asset Management Inc. bought a new stake in shares of BorgWarner in the 3rd quarter valued at approximately $56,713,000. Boston Partners grew its stake in shares of BorgWarner by 7.2% in the 3rd quarter. Boston Partners now owns 11,588,389 shares of the auto parts company’s stock valued at $593,672,000 after buying an additional 777,782 shares in the last quarter. Finally, Black Creek Investment Management Inc. grew its stake in shares of BorgWarner by 32.5% in the 2nd quarter. Black Creek Investment Management Inc. now owns 2,664,249 shares of the auto parts company’s stock valued at $112,858,000 after buying an additional 653,574 shares in the last quarter. 95.15% of the stock is owned by institutional investors and hedge funds.

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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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