Ratings Don’t Lie: Will Jefferies New Ratings Coverage Help Borg Warner (BWA) Stock Today?

November 30, 2016 - By Clifton Ray

Ratings Don't Lie: Will Jefferies New Ratings Coverage Help Borg Warner (BWA) Stock Today?

Why Jefferies Gives Borg Warner (BWA) $43.0 Price Target

Expert analysts at Jefferies has started coverage on shares of Borg Warner (BWA) in a a note issued on Wednesday morning. The financial firm set a “Buy” rating on the stock. Jefferies’s PT of $43.0 suggests potential of 24.78% from the stock’s current stock price.

BorgWarner Inc. (NYSE:BWA) Ratings Coverage

Out of 3 analysts covering Borg Warner (BWA), 0 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 0 are positive. Borg Warner has been the topic of 3 analyst reports since October 6, 2016 according to StockzIntelligence Inc. On Wednesday, November 9 the stock rating was downgraded by Bank of America to “Underperform”. Goldman Sachs downgraded BorgWarner Inc. (NYSE:BWA) on Thursday, October 6 to “Neutral” rating. As per Tuesday, November 22, the company rating was initiated by Berenberg.

About 605,595 shares traded hands. BorgWarner Inc. (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 earnings per share, up 13.33% or $0.10 from last year’s $0.75 per share. BWA’s profit will be $176.32M for 10.44 P/E if the $0.85 EPS becomes a reality. After $0.78 actual earnings per share 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 2016 Q2. 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.

Wealthtrust, a Alabama-based fund reported 1,093 shares. River Mercantile Asset Mgmt Llp, a United Kingdom-based fund reported 4,000 shares. The Michigan-based Ls has invested 0.02% in BorgWarner Inc. (NYSE:BWA). Metropolitan Life Insur New York last reported 0.03% of its portfolio in the stock. Moreover, Great West Life Assurance Can has 0.04% invested in BorgWarner Inc. (NYSE:BWA) for 313,927 shares. The California-based Fdx Advsrs Inc has invested 0.03% in BorgWarner Inc. (NYSE:BWA). Rhumbline Advisers last reported 0.03% of its portfolio in the stock. Citadel Advisors Ltd Llc accumulated 0.01% or 174,812 shares. Regions Corporation last reported 0.01% of its portfolio in the stock. Deere And owns 9,790 shares or 0.02% of their US portfolio. Price T Rowe Assocs Md last reported 0.1% of its portfolio in the stock. Sumitomo Mitsui Trust Holding Inc owns 614,072 shares or 0.03% of their US portfolio. Daiwa Securities Gp Incorporated owns 5,100 shares or 0% of their US portfolio. Aston Asset Management Ltd Liability has 35,809 shares for 0.64% of their US portfolio. M&T Comml Bank accumulated 0% or 18,909 shares.

Insider Transactions: Since August 2, 2016, the stock had 0 buys, and 4 sales for $1.67 million net activity. McGill Thomas J. sold $159,152 worth of stock. On Friday, August 12 the insider Ericson Brady D sold $381,350.

BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The company has a market cap of $7.36 billion. The Firm operates through two divisions: Engine and Drivetrain. It has a 14.41 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 recent BorgWarner Inc. (NYSE:BWA) news were published by: Prnewswire.com which released: “BorgWarner Declares Quarterly Dividend” on November 09, 2016. Also Prnewswire.com published the news titled: “BorgWarner Launches its First Integrated Electric Drive Module for the …” on November 16, 2016. Prnewswire.com‘s news article titled: “BorgWarner Names Patrick Nolan Vice President of Investor Relations” with publication date: November 14, 2016 was also an interesting one.

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