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

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

Several other research analysts have also issued reports on BWA. Robert W. Baird upped their target price on BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Oppenheimer increased their price objective on shares of BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Citigroup boosted their target price on shares of BorgWarner from $33.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Barclays lifted their price objective on shares of BorgWarner from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Finally, Wells Fargo & Company cut their target price on BorgWarner from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.71.

BorgWarner Stock Up 0.4 %

Shares of NYSE BWA opened at $31.88 on Thursday. BorgWarner has a 12-month low of $29.51 and a 12-month high of $47.05. The stock’s fifty day simple moving average is $34.71 and its two-hundred day simple moving average is $33.78. The stock has a market capitalization of $7.26 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.78 and a beta of 1.22. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55.

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

BorgWarner declared that its board has authorized a share repurchase program on Thursday, May 2nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the auto parts company to reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On BorgWarner

Hedge funds have recently bought and sold shares of the business. EdgeRock Capital LLC acquired a new position in shares of BorgWarner during the 4th quarter worth approximately $30,000. Riverview Trust Co purchased a new position in BorgWarner during the first quarter valued at $30,000. Sound Income Strategies LLC acquired a new stake in shares of BorgWarner in the fourth quarter valued at about $32,000. LRI Investments LLC purchased a new stake in shares of BorgWarner during the first quarter worth about $35,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of BorgWarner during the 4th quarter worth about $33,000. Hedge funds and other 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.