BorgWarner (NYSE:BWA) Rating Lowered to Hold at StockNews.com

BorgWarner (NYSE:BWA) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company decreased their target price on BorgWarner from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday. TD Cowen lifted their target price on BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Robert W. Baird lifted their price target on BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Barclays lifted their price target on BorgWarner from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Finally, Oppenheimer lifted their price target on BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and an average target price of $43.71.

BorgWarner Stock Down 1.8 %

Shares of BorgWarner stock opened at $32.00 on Wednesday. The business’s fifty day moving average price is $34.82 and its two-hundred day moving average price is $33.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.20. The company has a market capitalization of $7.29 billion, a P/E ratio of 12.12, a PEG ratio of 0.80 and a beta of 1.28. BorgWarner has a 1-year low of $29.51 and a 1-year high of $50.04.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts forecast that BorgWarner will post 4.05 EPS for the current year.

BorgWarner declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 2nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to buy up to 6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On BorgWarner

Several hedge funds have recently modified their holdings of BWA. Trillium Asset Management LLC grew its holdings in BorgWarner by 2.1% during the first quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock worth $479,000 after purchasing an additional 283 shares during the period. Empirical Finance LLC grew its holdings in BorgWarner by 3.5% during the first quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock worth $294,000 after purchasing an additional 285 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in BorgWarner by 1.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock worth $667,000 after purchasing an additional 335 shares during the period. Verdence Capital Advisors LLC grew its holdings in BorgWarner by 3.8% during the first quarter. Verdence Capital Advisors LLC now owns 9,459 shares of the auto parts company’s stock worth $329,000 after purchasing an additional 343 shares during the period. Finally, Independent Advisor Alliance grew its holdings in BorgWarner by 4.2% during the fourth quarter. Independent Advisor Alliance now owns 8,774 shares of the auto parts company’s stock worth $315,000 after purchasing an additional 353 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.