BorgWarner (BWA) Downgraded by ValuEngine

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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.

In related news, Director Deborah D. Mcwhinney bought 1,421 shares of the business’s stock in a transaction dated Wednesday, December 19th. The shares were acquired at an average price of $35.14 per share, for a total transaction of $49,933.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alexis P. Michas sold 10,003 shares of the company’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $39.99, for a total transaction of $400,019.97. Following the completion of the sale, the director now owns 78,223 shares in the company, valued at approximately $3,128,137.77. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.

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.

About BorgWarner

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.

Analyst Recommendations for BorgWarner (NYSE:BWA)

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