BorgWarner (BWA) – Research Analysts’ Weekly Ratings Changes

BorgWarner (NYSE: BWA) has recently received a number of price target changes and ratings updates:

  • 8/8/2017 – BorgWarner had its price target raised by analysts at Deutsche Bank AG from $54.00 to $55.00. They now have a “buy” rating on the stock.
  • 8/6/2017 – BorgWarner was given a new $46.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 7/28/2017 – BorgWarner had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $55.00 price target on the stock, up previously from $50.00.
  • 7/24/2017 – BorgWarner was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/18/2017 – BorgWarner was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “High organic net sales growth expectations are likely to aid BorgWarner going forward. Huge business opportunities in Asia, the Americas and Europe in the next three years are anticipated to contribute to a major portion of growth. Also, a healthy balance sheet and ample cash flows help the company return capital to shareholders and undertake acquisitions. Moreover, BorgWarner is poised to benefit from its expansion strategy. BorgWarner has outperformed the Zacks categorized Auto/Truck Original Equipment industry in the last three months. However, the company is facing foreign currency headwinds and pressure from original equipment manufacturers (OEM) to reduce prices, which might pose a threat to the company. Due to foreign currency fluctuations it might face a negative impact of upto $310 million in fiscal 2017.”
  • 7/12/2017 – BorgWarner had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $44.00 price target on the stock.
  • 7/6/2017 – BorgWarner was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/4/2017 – BorgWarner had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $48.00 price target on the stock.
  • 7/4/2017 – BorgWarner was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “BorgWarner is facing foreign currency headwinds and pressure from original equipment manufacturers (OEM) to reduce prices, which might pose a threat to the company. Due to foreign currency fluctuations it might face a negative impact of upto $310 million in fiscal 2017. Moreover, the sale of Remy light vehicle aftermarket business has led to a rise in asset impairment expenses of the company, which is also expected to have anegative impact in fiscal 2017. Its shares have also underperformed against the Zacks categorized Auto/Truck Original Equipment industry in the last six months.”
  • 6/22/2017 – BorgWarner is now covered by analysts at CLSA. They set a “hold” rating and a $45.00 price target on the stock.
  • 6/21/2017 – BorgWarner is now covered by analysts at Guggenheim. They set a “neutral” rating and a $45.00 price target on the stock.
  • 6/21/2017 – BorgWarner was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/16/2017 – BorgWarner had its “underperform” rating reaffirmed by analysts at Bank of America Corporation. They now have a $27.00 price target on the stock, down previously from $30.00.

BorgWarner Inc. (NYSE:BWA) opened at 44.90 on Friday. The company’s 50-day moving average price is $44.82 and its 200 day moving average price is $42.26. The firm has a market capitalization of $9.48 billion, a PE ratio of 50.06 and a beta of 1.73. BorgWarner Inc. has a one year low of $33.09 and a one year high of $48.03.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.27 billion. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. On average, analysts forecast that BorgWarner Inc. will post $3.70 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, August 30th. BorgWarner’s payout ratio is currently 62.92%.

In other BorgWarner news, Director Dennis C. Cuneo sold 1,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $44.06, for a total transaction of $44,060.00. Following the completion of the transaction, the director now directly owns 13,398 shares of the company’s stock, valued at approximately $590,315.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.66% of the company’s stock.

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.

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