BNP Paribas Begins Coverage on BorgWarner (NYSE:BWA)

Equities research analysts at BNP Paribas began coverage on shares of BorgWarner (NYSE:BWAGet Rating) in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage set a “neutral” rating on the auto parts company’s stock.

BWA has been the subject of a number of other reports. Citigroup decreased their target price on BorgWarner from $52.00 to $43.00 in a research report on Tuesday, April 5th. Wells Fargo & Company cut their price target on BorgWarner from $60.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, April 1st. Deutsche Bank Aktiengesellschaft cut their price target on BorgWarner from $56.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, February 16th. The Goldman Sachs Group dropped their target price on BorgWarner from $47.00 to $42.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 5th. Finally, Barclays dropped their target price on BorgWarner from $49.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $48.75.

Shares of BWA stock opened at $37.06 on Monday. BorgWarner has a 52-week low of $34.85 and a 52-week high of $55.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.33 and a current ratio of 1.74. The firm has a market capitalization of $8.89 billion, a P/E ratio of 16.54, a P/E/G ratio of 0.30 and a beta of 1.42. The stock has a 50 day moving average price of $39.87 and a 200 day moving average price of $43.70.

BorgWarner (NYSE:BWAGet Rating) last issued its quarterly earnings results on Tuesday, February 15th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.32. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 14.22% and a net margin of 3.62%. BorgWarner’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the company earned $1.18 EPS. As a group, sell-side analysts forecast that BorgWarner will post 4.13 EPS for the current year.

In other news, EVP Felecia J. Pryor sold 6,590 shares of the company’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $38.01, for a total value of $250,485.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Quent Capital LLC purchased a new position in BorgWarner during the fourth quarter worth approximately $25,000. Neo Ivy Capital Management purchased a new position in shares of BorgWarner in the fourth quarter valued at approximately $25,000. CWM LLC purchased a new position in shares of BorgWarner in the fourth quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new position in shares of BorgWarner in the third quarter valued at approximately $31,000. Finally, Northern Oak Wealth Management Inc. purchased a new position in shares of BorgWarner in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 91.89% of the company’s stock.

About BorgWarner (Get Rating)

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

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