BorgWarner (NYSE:BWA) Downgraded by Wall Street Zen to “Hold”

by · The Markets Daily

BorgWarner (NYSE:BWA – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also commented on BWA. Bank of America raised shares of BorgWarner from a “neutral” rating to a “buy” rating and upped their price target for the company from $78.00 to $85.00 in a report on Thursday, October 15th. UBS Group dropped their target price on BorgWarner from $95.00 to $91.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Barclays boosted their target price on BorgWarner from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. raised their price objective on shares of BorgWarner from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, TD Cowen increased their target price on BorgWarner from $67.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Get Our Latest Analysis on BWA

BorgWarner Stock Performance

BorgWarner stock opened at $54.95 on Friday. The stock’s 50 day moving average is $62.61 and its 200 day moving average is $63.74. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $11.19 billion, a P/E ratio of 27.48, a PEG ratio of 0.81 and a beta of 1.16. BorgWarner has a twelve month low of $40.73 and a twelve month high of $78.82.

BorgWarner (NYSE:BWA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.14. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.58 billion. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 earnings per share. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, equities research analysts predict that BorgWarner will post 5.19 earnings per share for the current fiscal year.

BorgWarner announced that its board has initiated a share buyback plan on Wednesday, August 5th that permits the company to repurchase $1.00 billion in outstanding shares. This buyback authorization permits the auto parts company to reacquire up to 7.7% of its shares through open market purchases. Share buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other BorgWarner news, CAO Amy B. Kulikowski sold 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $68.60, for a total transaction of $198,940.00. Following the completion of the sale, the chief accounting officer directly owned 9,725 shares in the company, valued at $667,135. The trade was a 22.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rajesh Kalathur acquired 7,407 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were acquired at an average price of $67.59 per share, with a total value of $500,639.13. Following the completion of the purchase, the director owned 7,407 shares of the company’s stock, valued at $500,639.13. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BorgWarner

Several hedge funds and other institutional investors have recently made changes to their positions in BWA. Cullen Capital Management LLC purchased a new position in shares of BorgWarner during the 2nd quarter valued at approximately $4,937,000. Louisiana State Employees Retirement System bought a new stake in shares of BorgWarner in the first quarter worth $3,256,000. Tribune Investment Group LP bought a new stake in shares of BorgWarner in the second quarter worth $3,432,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of BorgWarner in the second quarter worth $5,664,000. Finally, Hsbc Holdings PLC acquired a new stake in BorgWarner in the second quarter valued at $35,785,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Company Profile

(Get Free Report)

BorgWarner Inc (NYSE:BWA) is a global automotive technology company that develops and manufactures propulsion and mobility systems for vehicle manufacturers and commercial vehicle customers. The company serves both internal-combustion and electrified vehicle markets, with a portfolio focused on improving vehicle efficiency, performance, emissions, and electrification.

Its products and technologies include turbochargers, emissions and thermal-management systems, transmission components, friction products, battery systems, battery charging equipment, power electronics, electric motors, and other electric-drive components.

Recommended Stories