Goldman Sachs Group upgraded shares of BorgWarner (NYSE:BWA) from a neutral rating to a buy rating in a report published on Monday morning, MarketBeat.com reports. They currently have $58.00 target price on the auto parts company’s stock, up from their prior target price of $56.00.
Other research analysts have also issued reports about the company. Zacks Investment Research raised BorgWarner from a hold rating to a buy rating and set a $56.00 price target for the company in a research report on Wednesday, March 28th. Morgan Stanley lowered BorgWarner to a buy rating and set a $57.00 price target for the company. in a research report on Friday, March 23rd. Susquehanna Bancshares set a $63.00 target price on BorgWarner and gave the company a buy rating in a research report on Wednesday, March 14th. BMO Capital Markets reaffirmed a buy rating and set a $64.00 target price on shares of BorgWarner in a research report on Tuesday, March 6th. Finally, ValuEngine lowered BorgWarner from a buy rating to a hold rating in a research report on Thursday, March 1st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $57.88.
BorgWarner opened at $43.73 on Monday, according to MarketBeat.com. The firm has a market capitalization of $9.37 billion, a PE ratio of 10.94, a P/E/G ratio of 1.26 and a beta of 1.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.52 and a quick ratio of 1.19. BorgWarner has a 12 month low of $40.81 and a 12 month high of $58.22.
BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, April 26th. The auto parts company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.07. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.63 billion. BorgWarner had a return on equity of 22.15% and a net margin of 4.68%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. research analysts expect that BorgWarner will post 4.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, May 31st. This represents a $0.68 annualized dividend and a yield of 1.55%. BorgWarner’s payout ratio is presently 17.48%.
A number of institutional investors have recently bought and sold shares of the business. Mount Yale Investment Advisors LLC purchased a new stake in BorgWarner during the 1st quarter valued at about $200,000. Kohmann Bosshard Financial Services LLC purchased a new stake in BorgWarner during the 1st quarter valued at about $173,000. Allianz Asset Management GmbH grew its stake in BorgWarner by 72.4% during the 1st quarter. Allianz Asset Management GmbH now owns 165,471 shares of the auto parts company’s stock valued at $8,312,000 after purchasing an additional 69,483 shares during the last quarter. Summit Trail Advisors LLC grew its stake in BorgWarner by 2,949.9% during the 1st quarter. Summit Trail Advisors LLC now owns 126,937 shares of the auto parts company’s stock valued at $127,000 after purchasing an additional 122,775 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in shares of BorgWarner by 456.5% in the first quarter. Wesbanco Bank Inc. now owns 106,791 shares of the auto parts company’s stock worth $5,364,000 after buying an additional 87,600 shares during the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.
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