November 30, 2016 - By Ellis Scott
Expert analysts at Jefferies has started coverage on shares of Borg Warner (NYSE:BWA) in a a report released on Wednesday morning. The broker set a “Buy” rating on the stock. Jefferies’s target price of $43 suggests potential of 20.85% from the stock’s last stock close.
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 26.97% above today’s ($35.6) stock price. Borgwarner Inc. has been the topic of 30 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital with “Equalweight” on Monday, January 25. RBC Capital Markets downgraded it to “Sector Perform” rating and $45 target price in Friday, October 30 report. The rating was downgraded by Morgan Stanley on Monday, October 19 to “Underweight”. The rating was maintained by RBC Capital Markets on Friday, July 31 with “Outperform”. As per Friday, July 31, the company rating was maintained by Deutsche Bank. The rating was upgraded by Goldman Sachs on Wednesday, November 18 to “Buy”. The stock of BorgWarner Inc. (NYSE:BWA) earned “Outperform” rating by RBC Capital Markets on Friday, September 11. Seaport Global initiated the shares of BWA in a report on Tuesday, August 9 with “Neutral” rating. The stock has “Neutral” rating given by Robert W. Baird on Friday, August 28. As per Tuesday, June 21, the company rating was downgraded by Bank of America.
About 415,919 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 $176.21 million for 10.47 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 2016 Q2. Its up 0.36, from 0.8 in 2016Q1. The ratio improved, 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.
Cwm has 40 shares for 0% of their US portfolio. Boston Private Wealth Ltd Liability Com has 0.01% invested in the company for 7,040 shares. The Texas-based Exxonmobil Investment Mngmt Inc Tx has invested 0.04% in BorgWarner Inc. (NYSE:BWA). State Treasurer State Of Michigan last reported 127,080 shares in the company. Metropolitan Life Insurance Communications has 114,645 shares for 0.03% of their US portfolio. Raymond James Financial Ser Advsrs accumulated 7,855 shares or 0% of the stock. Guardian Life Insurance Of America reported 815 shares or 0% of all its holdings. New Mexico Educational Retirement Board accumulated 24,800 shares or 0.03% of the stock. Hightower Lc holds 0.01% of its portfolio in BorgWarner Inc. (NYSE:BWA) for 16,332 shares. Livforsakringsbolaget Skandia Omsesidigt holds 24,414 shares or 0.03% of its portfolio. Glg Prtnrs Limited Partnership has 0.16% invested in the company for 180,231 shares. Whitnell And last reported 0.01% of its portfolio in the stock. The Texas-based Wfg Advisors L P has invested 0.02% in BorgWarner Inc. (NYSE:BWA). Eaton Vance Mgmt last reported 9,639 shares in the company. Bristol John W & owns 1.66M shares or 1.39% of their US portfolio.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 4 sales for $1.67 million net activity. Ericson Brady D had sold 17,132 shares worth $577,228 on Friday, August 26. McGill Thomas J. also sold $159,152 worth of BorgWarner Inc. (NYSE:BWA) shares.
BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The company has a market cap of $7.38 billion. The Firm operates through two divisions: Engine and Drivetrain. It has a 14.45 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)”
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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By Ellis Scott