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

Posted by on Jun 14th, 2023

BorgWarner (NYSE:BWA – Get Rating) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

Several other research firms have also recently commented on BWA. Citigroup reduced their target price on BorgWarner from $53.00 to $50.00 in a research report on Tuesday, May 16th. The Goldman Sachs Group boosted their target price on BorgWarner from $45.00 to $51.00 in a research report on Wednesday, June 7th. Wells Fargo & Company reduced their target price on BorgWarner from $56.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, April 10th. Morgan Stanley upgraded BorgWarner from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $49.00 to $50.00 in a report on Monday, May 15th. Finally, Barclays cut their price objective on BorgWarner from $62.00 to $58.00 in a report on Monday, May 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.73.

BorgWarner Price Performance

Shares of NYSE BWA opened at $46.69 on Wednesday. The stock has a market cap of $10.94 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 0.65 and a beta of 1.42. BorgWarner has a fifty-two week low of $31.14 and a fifty-two week high of $51.14. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.16 and a current ratio of 1.59. The stock has a fifty day moving average of $46.57 and a 200-day moving average of $45.77.

BorgWarner (NYSE:BWA – Get Rating) last posted its earnings results on Thursday, May 4th. The auto parts company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.04). BorgWarner had a return on equity of 14.85% and a net margin of 5.97%. The business had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. BorgWarner’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that BorgWarner will post 5.01 earnings per share for the current year.

Insider Activity

In other news, Director Alexis P. Michas sold 7,173 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $44.45, for a total value of $318,839.85. Following the completion of the sale, the director now owns 76,441 shares of the company’s stock, valued at approximately $3,397,802.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. TCI Wealth Advisors Inc. raised its position in BorgWarner by 485.5% during the 4th quarter. TCI Wealth Advisors Inc. now owns 767 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 636 shares during the last quarter. Proficio Capital Partners LLC bought a new position in BorgWarner during the 1st quarter valued at approximately $31,000. Lindbrook Capital LLC raised its position in BorgWarner by 110.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,000 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 524 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in BorgWarner by 72.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 816 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 342 shares during the last quarter. Finally, Quent Capital LLC raised its position in BorgWarner by 91.7% during the 3rd quarter. Quent Capital LLC now owns 1,311 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 627 shares during the last quarter. Institutional investors own 91.44% of the company’s stock.

BorgWarner Company Profile

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BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.

See Also

Analyst Recommendations for BorgWarner (NYSE:BWA)

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