Deutsche Bank Upgrades BorgWarner to Buy

Brokerage firm Deutsche Bank Upgrades its rating on BorgWarner(BWA). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the stock financial advisor at Deutsche Bank was issued on Mar 22, 2017 in a research report to their Investors and Clients.

BorgWarner (BWA) made into the market gainers list on Fridays trading session with the shares advancing 0.17% or 0.07 points. Due to strong positive momentum, the stock ended at $41.28, which is also near the day’s high of $41.51. The stock began the session at $41.34 and the volume stood at 15,08,411 shares. The 52-week high of the shares is $44.24 and the 52 week low is $27.52. The company has a current market capitalization of $8,787 M and it has 21,28,56,240 shares in outstanding.

BorgWarner(BWA) last announced its earnings results on Feb 9, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $2.259B. Analysts had an estimated revenue of $2.300B. Earnings per share were $0.85. Analysts had estimated an EPS of $0.84.

Several Insider Transactions has been reported to the SEC. On Feb 22, 2017, Alexis P Michas (director) sold 10,000 shares at $42.68 per share price.Also, On Aug 30, 2016, Brady D Ericson (Vice President) sold 17,132 shares at $33.69 per share price.On Aug 4, 2016, Thomas J. Mcgill (Vice President and Treasurer) sold 5,000 shares at $31.83 per share price, according to the Form-4 filing with the securities and exchange commission.

BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’ develops and manufactures products in gasoline and diesel engines and alternative powertrains. The Drivetrain segment develops and manufactures products for automatic transmissions and all-wheel drive (AWD) vehicles. The Company manufactures and sells the product across the world to equipment manufacturers (OEMs) of light vehicles. The Company sells the products to other OEMs of commercial vehicles and off-highway vehicles (agricultural and construction machinery and marine applications). It also manufactures and sells its products to Tier One vehicle systems suppliers and into the aftermarket for light commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas Europe and Asia and is an equipment supplier to automotive OEM.

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