Is BorgWarner (NYSE:BWA) a Stock to Watch Now That KeyBanc Has Begun Covering It?

BorgWarner Inc. (NYSE:BWA) Logo

Investors sentiment increased to 1.04 in 2018 Q3. Its up 0.09, from 0.95 in 2018Q2. It increased, as 49 investors sold BorgWarner Inc. shares while 154 reduced holdings. 62 funds opened positions while 149 raised stakes. 182.43 million shares or 2.27% less from 186.67 million shares in 2018Q2 were reported.

Qs Invsts Limited Liability Company invested in 5,716 shares or 0% of the stock. New York-based Allsquare Wealth Mgmt Ltd Llc has invested 0% in BorgWarner Inc. (NYSE:BWA). American Century stated it has 0.15% in BorgWarner Inc. (NYSE:BWA). Citadel Ltd Liability has invested 0.01% in BorgWarner Inc. (NYSE:BWA). Archford Cap Strategies Ltd Liability Corp stated it has 81 shares. Cornerstone Investment Ptnrs Ltd Liability Corp invested in 2.31% or 1.29M shares. Mastrapasqua Asset Mngmt owns 0.25% invested in BorgWarner Inc. (NYSE:BWA) for 31,213 shares. 5,127 are held by Boothbay Fund Mngmt Ltd Com. Royal Fincl Bank Of Canada accumulated 497,543 shares. Federated Pa has 0.06% invested in BorgWarner Inc. (NYSE:BWA). First Hawaiian Natl Bank holds 0.02% of its portfolio in BorgWarner Inc. (NYSE:BWA) for 7,288 shares. State Treasurer State Of Michigan has 0.02% invested in BorgWarner Inc. (NYSE:BWA). Logan Capital Mngmt reported 0.13% of its portfolio in BorgWarner Inc. (NYSE:BWA). Ent Finance Services reported 28 shares. Ftb Advsrs invested in 659 shares.

Since October 29, 2018, it had 2 insider purchases, and 4 selling transactions for $1.36 million activity. On Monday, October 29 Ericson Brady D sold $666,166 worth of BorgWarner Inc. (NYSE:BWA) or 16,780 shares. 10,003 BorgWarner Inc. (NYSE:BWA) shares with value of $400,018 were sold by MICHAS ALEXIS P. MCWHINNEY DEBORAH D also bought $49,882 worth of BorgWarner Inc. (NYSE:BWA) shares. 7,692 shares were sold by STALLKAMP THOMAS T, worth $302,534. 4,000 shares valued at $158,280 were sold by Wiegert Joel on Wednesday, October 31.

How KeyBanc Currently Rates BorgWarner (NYSE:BWA)

In a research note revealed to investors and clients today, KeyBanc analysts has initiated BorgWarner (NYSE:BWA) coverage with “Sector Weight” rating.

BorgWarner Inc. (NYSE:BWA) Ratings Coverage

Among 7 analysts covering BorgWarner (NYSE:BWA), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. BorgWarner has $5800 highest and $44 lowest target. $51.50’s average target is 47.65% above currents $34.88 stock price. BorgWarner had 8 analyst reports since June 25, 2018 according to SRatingsIntel. Wells Fargo upgraded it to “Outperform” rating and $56 target in Wednesday, July 18 report. The firm earned “Overweight” rating on Wednesday, November 14 by Morgan Stanley. Goldman Sachs upgraded it to “Buy” rating and $5800 target in Monday, June 25 report. On Wednesday, October 3 the stock rating was maintained by Buckingham Research with “Neutral”. Citigroup maintained it with “Neutral” rating and $52 target in Monday, July 30 report. Citigroup maintained it with “Neutral” rating and $44 target in Friday, October 12 report. The stock has “Neutral” rating by Bank of America on Tuesday, October 23.

It closed at $34.88 lastly. It is down 35.02% since December 12, 2017 and is downtrending. It has underperformed by 35.02% the S&P500.

Analysts await BorgWarner Inc. (NYSE:BWA) to report earnings on February, 14. They expect $1.10 earnings per share, up 2.80 % or $0.03 from last year’s $1.07 per share. BWA’s profit will be $229.11M for 7.93 P/E if the $1.10 EPS becomes a reality. After $1.00 actual earnings per share reported by BorgWarner Inc. for the previous quarter, Wall Street now forecasts 10.00 % EPS growth.

BorgWarner Inc. provides solutions for combustion, hybrid, and electric vehicles worldwide. The company has market cap of $7.27 billion. The firm operates through two divisions, Engine and Drivetrain. It has a 13.22 P/E ratio. The Engine segment develops and makes turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, HY-VO front-wheel drive transmission chains, and four-wheel drive chains for light vehicles.

More recent BorgWarner Inc. (NYSE:BWA) news were published by: Seekingalpha.com which released: “Auto suppliers PTs cut at Morgan Stanley – Seeking Alpha” on November 14, 2018. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades, Downgrades For December 4, 2018 – Benzinga” on December 04, 2018. Nasdaq.com‘s news article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within OSI, BorgWarner, Cubic, Dr. Reddy’s Laboratories, Teck Resources, and Gardner Denver — New Research Emphasizes Economic Growth – Nasdaq” with publication date: December 10, 2018 was also an interesting one.

BorgWarner Inc. (NYSE:BWA) Institutional Positions Chart

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