BorgWarner (BWA) Rating Lowered to Sell at ValuEngine
BorgWarner (NYSE:BWA) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Monday.
Several other research analysts also recently issued reports on BWA. BMO Capital Markets restated a “buy” rating and set a $64.00 price objective on shares of BorgWarner in a report on Tuesday, March 6th. Susquehanna Bancshares set a $63.00 price objective on shares of BorgWarner and gave the stock a “buy” rating in a report on Wednesday, March 14th. Morgan Stanley upgraded shares of BorgWarner from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $37.54 to $58.22 in a report on Thursday, March 22nd. Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Wednesday, March 28th. Finally, Cowen initiated coverage on shares of BorgWarner in a report on Monday, April 16th. They set an “outperform” rating and a $60.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $57.88.
Shares of BorgWarner traded up $0.59, hitting $43.75, on Monday, MarketBeat.com reports. 2,270,500 shares of the company were exchanged, compared to its average volume of 1,558,065. BorgWarner has a one year low of $42.06 and a one year high of $58.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 1.52. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.22 and a beta of 1.87.
Institutional investors have recently modified their holdings of the company. Mount Yale Investment Advisors LLC acquired a new position in BorgWarner in the first quarter valued at about $200,000. Kohmann Bosshard Financial Services LLC acquired a new position in BorgWarner in the first quarter valued at about $173,000. Allianz Asset Management GmbH boosted its position in BorgWarner by 72.4% in the first quarter. Allianz Asset Management GmbH now owns 165,471 shares of the auto parts company’s stock valued at $8,312,000 after buying an additional 69,483 shares in the last quarter. Summit Trail Advisors LLC boosted its position in BorgWarner by 2,949.9% in the first quarter. Summit Trail Advisors LLC now owns 126,937 shares of the auto parts company’s stock valued at $127,000 after buying an additional 122,775 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its position in BorgWarner by 456.5% in the first quarter. Wesbanco Bank Inc. now owns 106,791 shares of the auto parts company’s stock valued at $5,364,000 after buying an additional 87,600 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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