ValuEngine Upgrades BorgWarner (NYSE:BWA) to “Sell”
Several other research analysts have also recently commented on the stock. Nomura started coverage on shares of BorgWarner in a report on Tuesday, August 27th. They set a buy rating and a $41.00 price target for the company. Morgan Stanley set a $47.00 price target on shares of BorgWarner and gave the stock a buy rating in a report on Wednesday, June 26th. TheStreet cut shares of BorgWarner from a b- rating to a c+ rating in a report on Thursday, August 22nd. Deutsche Bank cut shares of BorgWarner from a buy rating to a hold rating and lowered their price target for the stock from $50.00 to $44.00 in a report on Friday, July 26th. Finally, Robert W. Baird set a $51.00 price target on shares of BorgWarner and gave the stock a buy rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $46.50.
Shares of BWA opened at $38.54 on Friday. BorgWarner has a fifty-two week low of $30.71 and a fifty-two week high of $46.97. The firm’s 50 day moving average price is $34.39 and its 200 day moving average price is $38.49. The company has a market cap of $8.16 billion, a P/E ratio of 8.60, a PEG ratio of 1.33 and a beta of 1.87. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 0.43.
The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Friday, August 30th. BorgWarner’s payout ratio is 15.18%.
Institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of BorgWarner in the 2nd quarter valued at $25,000. Westside Investment Management Inc. acquired a new position in shares of BorgWarner in the 2nd quarter valued at $27,000. Sandy Spring Bank acquired a new position in shares of BorgWarner in the 2nd quarter valued at $27,000. Bremer Bank National Association acquired a new position in shares of BorgWarner in the 1st quarter valued at $44,000. Finally, CSat Investment Advisory L.P. boosted its holdings in shares of BorgWarner by 60.1% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,531 shares of the auto parts company’s stock valued at $64,000 after buying an additional 575 shares in the last quarter. Institutional investors and hedge funds own 90.97% of the company’s stock.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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