BorgWarner analysts from StockNews.com have taken over company coverage, as announced in a statement distributed to investors on Thursday.
Investors interested in purchasing shares of the auto component producer have been recommended by the company to “strong buy” those shares.
On February 9, BorgWarner’s most recent earnings report was made public.
This report was published under the ” BWA ” ticker on the New York Stock Exchange.
The automotive parts company’s quarterly earnings per share came in at $1.26, $0.18 higher than the consensus projection of $1.08 per share that the market had anticipated.
BorgWarner had a return on equity of 14.97%, and the net margin for the company was 5.97%. However, the company reported that it brought in revenue of $4.11 billion during the quarter, significantly higher than the $3.89 billion analysts anticipated it would bring in during that period. Compared to the previous year’s results for the same period, the company posted a profit of $1.06 per share. Compared to the previous year, the expansion of the company’s revenue was 12.4% higher.
According to projections made by analysts focusing on equity analysis, BorgWarner will bring in a profit of 4.9 cents per share during the current fiscal year.
On Thursday, the NYSE BWA opened with a price of $45.91 at the beginning of trading.
The stock’s price has reached $47.16 on its moving average over the past 50 days, while the price has reached $41.26 on its moving average over the past 200 days.
The ratio of current assets to total assets is 1.56, the ratio of quick assets to current assets is 1.16, and the ratio of total assets to current assets is 0.55.
The price of 31.14 dollars represents a 52-week low for BorgWarner, while the price of 51.14 dollars represents a 52-week high.
The company has a total market capitalization of $10.75 billion, a price-to-earnings ratio of 11.48, a beta value of 1.41, and a price-to-earnings-growth ratio of 0.54.
Additionally, the company has a price-to-earnings-growth ratio of 0.54.
Recently, the results of several additional scientific investigations into BWA have been made available to the general public.
In a report made public on February 10 and made available to the public, Wells Fargo & Company increased their price objective on BorgWarner from $52.00 to $56.00 and rated the company’s stock as “overweight.” This information was made available to the public.
Bank of America lowered their price target for BorgWarner shares from $80.00 to $50.00 in a research note published on Monday, January 9.
Additionally, Bank of America changed its rating on the stock from “buy” to “neutral.” In addition, the company has reduced the price target they have set for the stock from $70.00 to $50.00. Oppenheimer increased its price target for BorgWarner by $10.00, from $50.00 to $57.00, in a research note published on February 10.
The firm also assigned an “outperform” rating to the company’s stock.
BNP Paribas upgraded its rating for BorgWarner from “neutral” to “buy” and set a target price of $49.00 for the company’s stock in a research report published on Wednesday, December 7.
The report was about the company’s stock.
A research study published on February 14 provides evidence that Barclays has recently started covering BorgWarner.
They provided the business with an “overweight” rating and projected a price of $62.00 for the stock they were looking to buy. Six analysts have recommended that investors continue to hold onto the stock.
In contrast, the remaining six have rated the investment as a buy, and a single analyst has rated the investment as a strong buy.
According to the information made available by Bloomberg, the general opinion regarding BorgWarner is that it is worthy of a “Moderate Buy,” and the price target for the company has been established at $52.91.
Tonit M. Calaway, who serves as the company’s Chief Administrative Officer, sold 14,026 shares of the company’s stock on February 13.
The stock sale resulted in $695,549.34 in dollars, with an average price of $49.59 per share when bought and sold. Following the completion of the sale, the chief accounting officer will have a direct ownership stake in a total of 40,875 company shares, which currently have a value of $2,026,991.25. One can access a document that provides additional information on the transaction by going to the Securities and Exchange Commission (SEC) website.
Tonit M. Calaway, Chief Administrative Officer of the company, sold 14,026 company stock on Monday, February 13, according to additional information about this topic.
The stock sale generated a total of 695,549.34 dollars, with an average price of $49.59 per share when it was put up for sale.
After the deal’s completion, the chief accounting officer has direct control over 40,875 company shares, which have a value of $2,026,991.25.
A document containing the information given to the Securities and Exchange Commission regarding the transaction can be found on this website.
The document contains all of the information that was given to the SEC. On Monday, March 6, the company’s chief administrative officer, Tonit M. Calaway, sold 6,889 shares of the company’s stock.
The stock sale resulted in a total profit of $350,0044.43, with an average price of $50.87 per share received. Following the successful completion of the transaction, the chief accounting officer acquired 28,105 shares in the company.
The total value of these shares is $1,429,701.35, so the acquisition was profitable.