BorgWarner (NYSE:BWA) Raised to Buy at StockNews.com

BorgWarner (NYSE:BWA) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

A number of other brokerages have also recently commented on BWA. Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. TD Cowen cut BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Friday, March 7th. JPMorgan Chase & Co. cut their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Evercore ISI reduced their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Finally, Barclays lowered their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $39.06.

BorgWarner Trading Up 0.4 %

Shares of BWA stock opened at $29.56 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner has a 12-month low of $27.65 and a 12-month high of $38.23. The stock has a market capitalization of $6.49 billion, a P/E ratio of 20.67, a P/E/G ratio of 0.77 and a beta of 1.21. The firm’s 50 day moving average is $30.27 and its 200 day moving average is $32.49.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Research analysts expect that BorgWarner will post 4.28 earnings per share for the current year.

Insiders Place Their Bets

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now directly owns 242,257 shares of the company’s stock, valued at $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 in the last quarter. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BorgWarner

Large investors have recently modified their holdings of the stock. LRI Investments LLC increased its position in BorgWarner by 1,515.0% during the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 909 shares during the last quarter. Brooklyn Investment Group purchased a new stake in BorgWarner in the 3rd quarter worth about $32,000. True Wealth Design LLC bought a new stake in BorgWarner in the third quarter worth about $38,000. Resona Asset Management Co. Ltd. purchased a new position in shares of BorgWarner during the fourth quarter valued at approximately $45,000. Finally, Avior Wealth Management LLC raised its holdings in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after buying an additional 342 shares during the period. Institutional investors own 95.67% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.