Reassessing The Changing Outlook For BorgWarner Inc (BWA)

Currently, there are 229.78M common shares owned by the public and among those 225.91M shares have been available to trade.

The company’s stock has a 5-day price change of -0.31% and -3.79% over the past three months. BWA shares are trading -9.48% year to date (YTD), with the 12-month market performance down to -29.78% lower. It has a 12-month low price of $29.51 and touched a high of $46.75 over the same period. BWA has an average intraday trading volume of 2.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.32%, -3.78%, and -4.56% respectively.

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Institutional ownership of BorgWarner Inc (NYSE: BWA) shares accounts for 99.49% of the company’s 229.78M shares outstanding.

It has a market capitalization of $7.39B and a beta (3y monthly) value of 1.22. The stock’s trailing 12-month PE ratio is 12.27, while the earnings-per-share (ttm) stands at $2.64. The company has a PEG of 0.69 and a Quick Ratio of 1.20 with the debt-to-equity ratio at 0.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.64% over the week and 2.47% over the month.

Earnings per share for the fiscal year are expected to increase by 8.55%, and 13.57% over the next financial year. EPS should grow at an annualized rate of 17.80% over the next five years, compared to -9.71% over the past 5-year period.

Looking at the support for the BWA, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on March 15, 2024, with the firm’s price target at $43. Exane BNP Paribas coverage for the BorgWarner Inc (BWA) stock in a research note released on February 20, 2024 offered a Neutral rating with a price target of $35. Robert W. Baird was of a view on January 03, 2024 that the stock is Neutral, while Guggenheim gave the stock Buy rating on November 16, 2023, issuing a price target of $41. Deutsche Bank on their part issued Hold rating on November 03, 2023.

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