BorgWarner Inc. (NYSE:BWA) currently has a daily average trading volume of 2.95M but it saw 3004042 shares traded on Wednesday. With a market cap of 8.62B USD. Stock’s current market price of $41.53 came rising about 1.29 while comparing to the previous closing price of $41.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $46.60 and as low as $17.00. In the recent trading on the day, stock has struck highest price mark of $41.60 while lowest mark touched by it was $40.66.
Taking a look at 20-day trading activity of BorgWarner Inc. (BWA) gives us an average price of $39.98, while its current price level is -10.88% below from 52-week high level whereas it is 144.29% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $37.53 while that of 200 days or SMA-200 reads an average of $34.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.12% during that period while stretching the period over a month that increases to 2.46%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 63.86 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 17 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 8 analysts suggested the investors to Buy the stock while 8 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wolfe Research which upgraded the stock as “Outperform” in its note to investors issued on May 28, 2020, recommending a price target of for it. KeyBanc Capital Markets upgraded its recommendation for the stock as a “Overweight” from “Sector Weight” on April 13, 2020 while assigning a price target of $35. Morgan Stanley issued its recommendations for the stock as it downgraded the price target for the stock is $25.
Over the week, BWA’s stock price is moving 1.27% up while it is 7.87% when we observe its performance for the past one month. Year-to-date it is -4.26% down and over the past year, the stock is showing an upside performance of 33.37%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2020, when its quarterly earnings per share (EPS) of -$0.14 beat the consensus estimate of -$0.45 for the same. For BWA, analysts are forecasting an EPS-growth rate of -49.90% for current year and estimate for EPS growth in next year is 64.70%. In next quarter, company is expected to be making quarterly sales of $2.45 billion as analysts are expecting the sales for current fiscal year at $8.39 billion and seeing the company making $9.86 billion in sales next year. Moreover, analysts are in estimates of $2.24 billion for current-quarter revenue.
Currently, BorgWarner Inc.’s total number of outstanding shares is 206.00M with 0.51% of that held by the insiders while 96.45% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 12.90% and return on equity (ROE) at 9.60%. It has a price to earnings ratio (P/E ratio) of 19.28 while having a 12.18 of forward P/E ratio. Stock’s beta reads 1.76. Stock has a price to book (P/B) ratio of 1.86 while price to sale or P/S ratio amounts to 0.98. Its return on asset (ROA) is 4.50% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Oakmark Equity & Income Fund came shrinking its share ownership by -18.06% in the BorgWarner Inc. (BWA) decreasing its stake to 2.92% with control over -1.33 million shares in the company. As per SEC documents, Oakmark Equity & Income Fund sought 6,050,798 of company’s common stock of worth $221.46 million as per recent closing price of the stock. Oakmark Equity & Income Fund is not the only institutional holder which restructured its stake in BorgWarner Inc., as Victory Sycamore Established Valu picked 6,000,000 shares of worth $219.6 million to bring its holdings to a total of 0.48 million shares. In the most recent quarter, Vanguard Total Stock Market Index came cutting its stake by -0.05% in the company and now holds 5.9 million or 2.84% of the company’s stake having worth of about 215.78 million.