Press coverage about BorgWarner (NYSE:BWA) has trended positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. BorgWarner earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 46.2302217733966 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Overbought Zone – Shares of BorgWarner Inc. (BWA) are worth at $51.99 – Wall Street Morning (wallstreetmorning.com)
- BorgWarner Delivering The Content Growth – Seeking Alpha (seekingalpha.com)
- Financial Comparison: Metaldyne Performance Group (MPG) & BorgWarner (BWA) (americanbankingnews.com)
- BorgWarner Inc. (BWA) Expected to Post Quarterly Sales of $2.21 Billion (americanbankingnews.com)
- Pre-Market Technical Recap on Auto Parts Stocks — Allison Transmission … (prnewswire.com)
Several research analysts have recently weighed in on BWA shares. BidaskClub lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price objective on shares of BorgWarner in a research report on Tuesday, July 4th. Deutsche Bank AG lifted their price objective on BorgWarner from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, August 22nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $55.00 price objective on shares of BorgWarner in a research report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $44.86.
BorgWarner (NYSE BWA) opened at 52.01 on Thursday. The firm has a market cap of $10.98 billion, a P/E ratio of 57.98 and a beta of 1.76. BorgWarner has a 1-year low of $33.09 and a 1-year high of $52.71. The firm’s 50-day moving average price is $48.58 and its 200-day moving average price is $44.18.
BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.07. BorgWarner had a net margin of 2.06% and a return on equity of 20.75%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts anticipate that BorgWarner will post $3.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Wednesday, August 30th. BorgWarner’s payout ratio is 62.92%.
In other news, EVP Tonit M. Calaway sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total transaction of $134,970.00. Following the sale, the executive vice president now owns 34,120 shares in the company, valued at $1,535,058.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Brady D. Ericson sold 11,052 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total transaction of $501,539.76. Following the sale, the insider now owns 23,418 shares in the company, valued at approximately $1,062,708.84. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.
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BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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