Oppenheimer Reaffirms “Buy” Rating for BorgWarner (BWA)

Oppenheimer reissued their buy rating on shares of BorgWarner (NYSE:BWA) in a research note issued to investors on Thursday. The firm currently has a $51.00 price objective on the auto parts company’s stock.

Other equities analysts have also issued reports about the company. BMO Capital Markets set a $60.00 price target on BorgWarner and gave the company a buy rating in a research note on Thursday, September 20th. Citigroup dropped their price target on BorgWarner from $59.00 to $52.00 and set a neutral rating on the stock in a research note on Monday, July 30th. Bank of America raised BorgWarner from an underperform rating to a neutral rating and set a $45.00 price target on the stock in a research note on Tuesday, October 23rd. Buckingham Research dropped their price target on BorgWarner from $55.00 to $48.00 and set a neutral rating on the stock in a research note on Wednesday, October 3rd. Finally, Wolfe Research initiated coverage on BorgWarner in a research note on Tuesday, October 2nd. They issued an outperform rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $54.38.

BWA stock traded up $0.33 during trading on Thursday, hitting $38.05. The company had a trading volume of 3,335,480 shares, compared to its average volume of 2,690,349. BorgWarner has a one year low of $35.71 and a one year high of $58.22. The stock has a market capitalization of $7.95 billion, a PE ratio of 9.78, a PEG ratio of 1.30 and a beta of 1.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.66 and a quick ratio of 1.23.



BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 25th. The auto parts company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.01. BorgWarner had a return on equity of 22.68% and a net margin of 5.26%. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.45 billion. As a group, research analysts expect that BorgWarner will post 4.36 earnings per share for the current year.

In other news, EVP Tonit M. Calaway sold 4,590 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $46.01, for a total transaction of $211,185.90. Following the transaction, the executive vice president now directly owns 34,982 shares of the company’s stock, valued at $1,609,521.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas J. Mcgill sold 3,260 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $44.55, for a total value of $145,233.00. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Twin Capital Management Inc. raised its position in shares of BorgWarner by 522.3% during the second quarter. Twin Capital Management Inc. now owns 52,540 shares of the auto parts company’s stock worth $2,268,000 after purchasing an additional 44,097 shares during the period. Toronto Dominion Bank grew its holdings in BorgWarner by 33.2% during the second quarter. Toronto Dominion Bank now owns 143,291 shares of the auto parts company’s stock worth $6,183,000 after buying an additional 35,719 shares in the last quarter. Advisors Capital Management LLC grew its holdings in BorgWarner by 2.7% during the second quarter. Advisors Capital Management LLC now owns 59,842 shares of the auto parts company’s stock worth $2,583,000 after buying an additional 1,580 shares in the last quarter. Robecosam AG grew its holdings in BorgWarner by 0.5% during the second quarter. Robecosam AG now owns 293,100 shares of the auto parts company’s stock worth $12,817,000 after buying an additional 1,500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in BorgWarner by 3.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,102,932 shares of the auto parts company’s stock worth $47,603,000 after buying an additional 41,313 shares in the last quarter. 91.66% of the stock is currently owned by institutional investors.

BorgWarner Company Profile

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.

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Analyst Recommendations for BorgWarner (NYSE:BWA)

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