BorgWarner Inc. (BWA) Receives $51.47 Consensus PT from Analysts

Shares of BorgWarner Inc. (NYSE:BWA) have received an average rating of “Hold” from the twenty analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $51.47.

BWA has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. BMO Capital Markets lifted their price target on shares of BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Oppenheimer initiated coverage on shares of BorgWarner in a research note on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price target for the company. Zacks Investment Research downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $61.00 price target on shares of BorgWarner in a research note on Wednesday, December 20th.

BorgWarner (NYSE BWA) traded down $0.45 during midday trading on Wednesday, hitting $52.22. 1,363,300 shares of the stock traded hands, compared to its average volume of 1,599,364. The company has a current ratio of 1.46, a quick ratio of 1.15 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. The stock has a market capitalization of $10,994.93, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.42 and a beta of 1.82.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. analysts forecast that BorgWarner will post 4.27 EPS for the current fiscal year.

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

In other BorgWarner news, EVP John J. Gasparovic sold 38,409 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the sale, the executive vice president now owns 63,937 shares of the company’s stock, valued at $3,363,086.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Joel Wiegert sold 1,400 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in BWA. BlackRock Inc. raised its holdings in BorgWarner by 11.7% during the fourth quarter. BlackRock Inc. now owns 17,343,810 shares of the auto parts company’s stock worth $886,092,000 after purchasing an additional 1,823,272 shares in the last quarter. Cornerstone Investment Partners LLC raised its holdings in BorgWarner by 87.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 3,257,654 shares of the auto parts company’s stock worth $166,434,000 after purchasing an additional 1,519,785 shares in the last quarter. Prudential Financial Inc. raised its holdings in BorgWarner by 154.3% during the third quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock worth $106,373,000 after purchasing an additional 1,259,970 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of BorgWarner by 245.4% in the 4th quarter. American Century Companies Inc. now owns 1,711,638 shares of the auto parts company’s stock valued at $87,448,000 after acquiring an additional 1,216,102 shares during the period. Finally, Rothschild Asset Management Inc. acquired a new position in shares of BorgWarner in the 3rd quarter valued at $56,713,000. 96.75% of the stock is currently owned by institutional investors.

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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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