Barclays Reaffirms Buy Rating for BorgWarner (NYSE:BWA)

Barclays reiterated their buy rating on shares of BorgWarner (NYSE:BWA) in a research report released on Thursday morning, AnalystRatings.com reports. Barclays currently has a $44.00 price objective on the auto parts company’s stock.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley set a $12.00 price target on shares of Adient and gave the stock a sell rating in a research note on Wednesday, June 26th. Zacks Investment Research downgraded shares of Guaranty Federal Bancshares from a hold rating to a sell rating in a research note on Tuesday, April 23rd. ValuEngine upgraded shares of Ultrapar Participacoes from a strong sell rating to a sell rating in a research note on Tuesday, June 4th. Credit Suisse Group assumed coverage on shares of Magna International in a research note on Wednesday, June 26th. They issued a neutral rating and a $55.00 price target for the company. Finally, Bank of America set a $64.00 price target on shares of Verizon Communications and gave the stock a buy rating in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $48.00.

Shares of BorgWarner stock opened at $40.04 on Thursday. BorgWarner has a 52-week low of $32.46 and a 52-week high of $46.97. The business has a 50 day moving average price of $40.25. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $8.30 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.24 and a beta of 1.82.



BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. BorgWarner had a net margin of 8.39% and a return on equity of 21.64%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. As a group, analysts predict that BorgWarner will post 4.15 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC increased its holdings in shares of BorgWarner by 3.6% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 8,661 shares of the auto parts company’s stock valued at $364,000 after acquiring an additional 302 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of BorgWarner by 9.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 33,483 shares of the auto parts company’s stock valued at $1,404,000 after acquiring an additional 2,935 shares during the period. Bessemer Group Inc. increased its holdings in shares of BorgWarner by 11.8% in the 2nd quarter. Bessemer Group Inc. now owns 8,108 shares of the auto parts company’s stock valued at $340,000 after acquiring an additional 853 shares during the period. Machina Capital S.A.S. acquired a new position in shares of BorgWarner in the 2nd quarter valued at $1,277,000. Finally, Cascade Investment Advisors Inc. increased its holdings in shares of BorgWarner by 4.5% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 27,715 shares of the auto parts company’s stock valued at $1,163,000 after acquiring an additional 1,200 shares during the period. 90.02% 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 in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Analyst Recommendations for BorgWarner (NYSE:BWA)

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