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.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, April 26th. The auto parts company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.07. BorgWarner had a net margin of 4.68% and a return on equity of 22.15%. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. equities analysts predict that BorgWarner will post 4.42 EPS for the current year.

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.

About BorgWarner

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.

Analyst Recommendations for BorgWarner (NYSE:BWA)

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