Somewhat Positive News Coverage Somewhat Unlikely to Affect BorgWarner (BWA) Stock Price
Headlines about BorgWarner (NYSE:BWA) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BorgWarner earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 46.2417955246801 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s analysis:
- BorgWarner (BWA) Receives “Hold” Rating from Barclays (americanbankingnews.com)
- Contrasting Fenix Parts (FENX) and BorgWarner (BWA) (americanbankingnews.com)
- BorgWarner Inc. (BWA) Expected to Post Earnings of $1.01 Per Share (americanbankingnews.com)
- BorgWarner Inc. (BWA) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Hot Stock to Track – BorgWarner Inc (NYSE: BWA) – Alpha Beta Stock (alphabetastock.com)
Several equities analysts recently commented on the company. Barclays restated a “hold” rating and set a $58.00 target price on shares of BorgWarner in a research report on Sunday. Zacks Investment Research cut BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada restated a “hold” rating and set a $61.00 target price on shares of BorgWarner in a research report on Wednesday, December 20th. Oppenheimer assumed coverage on BorgWarner in a research report on Thursday, December 7th. They set an “outperform” rating and a $63.00 target price for the company. Finally, BMO Capital Markets boosted 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. BorgWarner currently has a consensus rating of “Hold” and a consensus price target of $52.38.
BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.07. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. equities analysts expect that BorgWarner will post 3.83 earnings per share for the current fiscal year.
In other news, VP Joel Wiegert sold 1,400 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.35, for a total value of $73,290.00. Following the completion of the sale, the vice president now owns 16,197 shares of the company’s stock, valued at approximately $847,912.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John J. Gasparovic sold 38,409 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the completion of the sale, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. 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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