Somewhat Favorable Media Coverage Somewhat Unlikely to Affect BorgWarner (BWA) Share Price
News headlines about BorgWarner (NYSE:BWA) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. BorgWarner earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the auto parts company an impact score of 47.2468082166604 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s analysis:
- GOP bargains over tax plan (finance.yahoo.com)
- BorgWarner (BWA) Optimistic on Organic Sales Prospects – Nasdaq (nasdaq.com)
- BorgWarner : Provides Propulsion System Solutions for GAC Trumpchi’s High-end Models (4-traders.com)
- Should You Buy BorgWarner Inc (BWA) At $51.68? (finance.yahoo.com)
A number of research firms recently weighed in on BWA. Citigroup Inc. lifted their target price on BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. BMO Capital Markets lifted their target price on BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. UBS AG lifted their price objective on BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Buckingham Research lifted their price objective on BorgWarner from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $47.72.
Shares of BorgWarner (NYSE BWA) traded up $0.24 on Wednesday, hitting $52.89. The stock had a trading volume of 1,327,518 shares, compared to its average volume of 1,830,424. The firm has a market cap of $11,110.00, a P/E ratio of 14.26, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 1.10, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. BorgWarner has a fifty-two week low of $34.44 and a fifty-two week high of $53.84.
BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.88 by $0.07. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. BorgWarner’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. sell-side analysts anticipate that BorgWarner will post 3.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from BorgWarner’s previous quarterly dividend of $0.14. BorgWarner’s payout ratio is 40.58%.
BorgWarner Company Profile
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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