Brokerages Set BorgWarner Inc. (BWA) Price Target at $51.47

BorgWarner Inc. (NYSE:BWA) has been assigned an average recommendation of “Hold” from the twenty brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $51.47.

A number of equities analysts have weighed in on the stock. Wells Fargo & Co upped their price objective on shares of BorgWarner from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Royal Bank of Canada upgraded shares of BorgWarner from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 9th. ValuEngine upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Barclays reiterated a “hold” rating and issued a $58.00 target price on shares of BorgWarner in a research report on Sunday, January 21st. Finally, Zacks Investment Research cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th.

In related news, VP Joel Wiegert sold 1,400 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the sale, the vice president now directly owns 16,197 shares in the company, valued at $847,912.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was 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 disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in BorgWarner by 17.4% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,500 shares of the auto parts company’s stock worth $792,000 after purchasing an additional 2,300 shares during the last quarter. Slow Capital Inc. acquired a new stake in BorgWarner during the fourth quarter worth about $1,270,000. Sterling Capital Management LLC acquired a new stake in BorgWarner during the fourth quarter worth about $2,417,000. MetLife Investment Advisors LLC acquired a new stake in BorgWarner during the fourth quarter worth about $3,133,000. Finally, Gotham Asset Management LLC increased its position in BorgWarner by 51.5% during the fourth quarter. Gotham Asset Management LLC now owns 89,560 shares of the auto parts company’s stock worth $4,576,000 after purchasing an additional 30,428 shares during the last quarter. Hedge funds and other institutional investors own 96.75% of the company’s stock.

BorgWarner (BWA) traded down $0.45 during trading hours on Wednesday, reaching $52.22. 1,363,300 shares of the company’s stock were exchanged, compared to its average volume of 1,599,364. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.46 and a quick ratio of 1.15. The firm has a market capitalization of $10,994.93, a PE ratio of 25.23, a PEG ratio of 1.42 and a beta of 1.82. BorgWarner has a 52 week low of $37.54 and a 52 week high of $58.22.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.06. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.53 billion. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. equities research analysts predict that BorgWarner will post 4.27 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, February 28th. BorgWarner’s dividend payout ratio (DPR) is 32.85%.

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BorgWarner Company Profile

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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