Rating Worth Mentioning: BorgWarner (NYSE:BWA): What Jefferies Is Saying; Why Has $43.00 Stock Target

November 30, 2016 - By Winifred Garcia

Rating Worth Mentioning: BorgWarner (NYSE:BWA): What Jefferies Is Saying; Why Has $43.00 Stock Target

Why Jefferies Gives BorgWarner (NYSE:BWA) $43.00 Price Target

Jefferies analyst has started coverage with a “Buy” rating on BorgWarner (NYSE:BWA) today and set a price target of $43.00. The company’s shares opened today at 0.

BorgWarner Inc. (NYSE:BWA) Ratings Coverage

Out of 13 analysts covering Borgwarner Inc. (NYSE:BWA), 2 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 15% are positive. $62 is the highest target while $33 is the lowest. The $45.20 average target is 25.91% above today’s ($35.9) stock price. Borgwarner Inc. has been the topic of 30 analyst reports since August 3, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, February 12 report. On Monday, January 25 the stock rating was maintained by Barclays Capital with “Equalweight”. Susquehanna maintained BorgWarner Inc. (NYSE:BWA) on Thursday, August 27 with “Positive” rating. The stock of BorgWarner Inc. (NYSE:BWA) earned “Sell” rating by Berenberg on Tuesday, November 22. Citigroup downgraded it to “Neutral” rating and $37 target price in Tuesday, March 29 report. The rating was upgraded by UBS on Tuesday, August 18 to “Buy”. The firm has “Underweight” rating by Morgan Stanley given on Monday, October 19. As per Thursday, January 14, the company rating was downgraded by Credit Agricole. As per Tuesday, August 9, the company rating was initiated by Seaport Global. The firm has “Buy” rating given on Wednesday, November 18 by Goldman Sachs.

About 1.51 million shares traded hands. BorgWarner Inc. (NYSE:BWA) has declined 10.77% since April 27, 2016 and is downtrending. It has underperformed by 16.00% the S&P500.

Analysts await BorgWarner Inc. (NYSE:BWA) to report earnings on February, 9. They expect $0.85 EPS, up 13.33% or $0.10 from last year’s $0.75 per share. BWA’s profit will be $176.39M for 10.56 P/E if the $0.85 EPS becomes a reality. After $0.78 actual EPS reported by BorgWarner Inc. for the previous quarter, Wall Street now forecasts 8.97% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.36, from 0.8 in 2016Q1. The ratio increased, as 57 funds sold all BorgWarner Inc. shares owned while 146 reduced positions. 40 funds bought stakes while 122 increased positions. They now own 182.28 million shares or 6.04% less from 193.99 million shares in 2016Q1.

Pggm Invs holds 0.02% of its portfolio in BorgWarner Inc. (NYSE:BWA) for 153,516 shares. Manufacturers Life Insurance The last reported 228,472 shares in the company. Amica Pension Fund Board Of Trustees has 11,532 shares for 0.04% of their US portfolio. Commonwealth Equity has 11,428 shares for 0% of their US portfolio. Trilogy Glob Advsrs L P holds 0.63% or 695,606 shares in its portfolio. Public Employees Retirement Association Of Colorado owns 44,496 shares or 0.01% of their US portfolio. Cap Fund Mngmt Sa has 8,340 shares for 0% of their US portfolio. Lloyds Group Pcl accumulated 5,206 shares or 1.26% of the stock. Federated Investors Pa holds 36,010 shares or 0% of its portfolio. Moreover, First Advsrs Ltd Partnership has 0.03% invested in BorgWarner Inc. (NYSE:BWA) for 341,246 shares. Bridgewater Assocs L P has invested 0.07% of its portfolio in BorgWarner Inc. (NYSE:BWA). Clinton Inc holds 31,497 shares or 0.04% of its portfolio. Moreover, Wesbanco National Bank & Trust has 0.05% invested in BorgWarner Inc. (NYSE:BWA) for 31,164 shares. New Mexico Educational Retirement Board holds 24,800 shares or 0.03% of its portfolio. Principal Financial has 0.01% invested in the company for 333,461 shares.

Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 4 insider sales for $1.67 million net activity. Ericson Brady D sold 11,282 shares worth $381,350. $159,152 worth of shares were sold by McGill Thomas J. on Tuesday, August 2.

BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The company has a market cap of $7.45 billion. The Firm operates through two divisions: Engine and Drivetrain. It has a 14.58 P/E ratio. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems.

According to Zacks Investment Research, “BorgWarner Inc. is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates manufacturing and technical facilities in several countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Caterpillar, Navistar, PSA and VW Group. (Company Press Release)”

BWA Company Profile

BorgWarner Inc., incorporated on May 4, 1987, is a supplier of engineered automotive systems and components primarily for powertrain applications. The Firm operates through two divisions: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices. The Firm makes and sells the products across the world, to original equipment manufacturers (OEMs) of light vehicles (passenger cars, sport-utility vehicles (SUVs), vans and light trucks). The Firm sells the products to other OEMs of commercial vehicles (medium-duty trucks, heavy-duty trucks and buses) and off-highway vehicles (agricultural and construction machinery and marine applications). The Firm makes and sells its products to certain Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Firm operates manufacturing facilities serving clients in the Americas, Europe, Africa and Asia.

More important recent BorgWarner Inc. (NYSE:BWA) news were published by: Benzinga.com which released: “Jefferies Favors BorgWarner And Delphi, Neutral On Tenneco” on November 30, 2016, also Prnewswire.com published article titled: “BorgWarner Declares Quarterly Dividend”, Prnewswire.com published: “BorgWarner Launches its First Integrated Electric Drive Module for the …” on November 16, 2016. More interesting news about BorgWarner Inc. (NYSE:BWA) was released by: Prnewswire.com and their article: “BorgWarner Names Patrick Nolan Vice President of Investor Relations” with publication date: November 14, 2016.

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