ValuEngine downgraded shares of BorgWarner (NYSE:BWA) from a sell rating to a strong sell rating in a research note released on Friday.
A number of other analysts have also recently weighed in on BWA. TheStreet raised shares of BorgWarner from a c+ rating to a b- rating in a research report on Thursday, January 31st. Oppenheimer reaffirmed a buy rating and set a $51.00 price target on shares of BorgWarner in a research report on Thursday, October 25th. Barclays set a $36.00 price target on shares of BorgWarner and gave the stock a hold rating in a research report on Friday, January 4th. Zacks Investment Research raised shares of BorgWarner from a hold rating to a buy rating and set a $39.00 price target for the company in a research report on Thursday, January 3rd. Finally, Morgan Stanley set a $53.00 price target on shares of BorgWarner and gave the stock a buy rating in a research report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. BorgWarner presently has an average rating of Buy and an average target price of $50.86.
Shares of BorgWarner stock opened at $38.82 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.66 and a quick ratio of 1.28. BorgWarner has a twelve month low of $32.46 and a twelve month high of $54.35. The firm has a market cap of $7.97 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 1.03 and a beta of 1.79.
Several institutional investors have recently modified their holdings of BWA. Proficio Capital Partners LLC raised its stake in shares of BorgWarner by 247.8% in the 4th quarter. Proficio Capital Partners LLC now owns 939 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 669 shares in the last quarter. Bremer Trust National Association acquired a new stake in shares of BorgWarner in the 4th quarter valued at about $47,000. IFP Advisors Inc raised its stake in shares of BorgWarner by 24.1% in the 4th quarter. IFP Advisors Inc now owns 2,010 shares of the auto parts company’s stock valued at $69,000 after purchasing an additional 390 shares in the last quarter. Doyle Wealth Management acquired a new stake in shares of BorgWarner in the 4th quarter valued at about $97,000. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of BorgWarner by 3,261.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,895,153 shares of the auto parts company’s stock valued at $112,000 after purchasing an additional 3,779,264 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.
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.
Further Reading: How is the discount rate different from the Federal Funds rate?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.