ValuEngine upgraded shares of BorgWarner (NYSE:BWA) from a strong sell rating to a sell rating in a research report report published on Saturday, ValuEngine reports.

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.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, July 25th. The auto parts company reported $1.00 earnings per share for the quarter, hitting the consensus estimate of $1.00. BorgWarner had a net margin of 7.53% and a return on equity of 20.13%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. Research analysts forecast that BorgWarner will post 3.88 earnings per share for the current year.

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.

About BorgWarner

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.

Further Reading: How analysts view the yield curve

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BorgWarner (NYSE:BWA)

Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.