BorgWarner (NYSE:BWA) Stock, Quote.Headers.trade-ideas

BorgWarner

BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 14% and 11% of 2023 revenue, respectively. Geographically, Europe accounted for 36% of 2023 revenue, while Asia and North America were 34% and 29% apiece.

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BorgWarner shares rose after reporting better-than-expected Q2 FY24 adjusted EPS and new contracts. Despite a 2% decline in sales to $3.603 billion, adjusted EPS of $1.19 beat the $1.01 consensus. The company secured significant new contracts, boosting investor confidence.

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<ul>
<li>Turbochargers to boost General Motors' Chevrolet Corvette ZR1 featuring 5.5-liter flat plane crankshaft V8 engine</li>
<li>Turbochargers utilize patented decoupled ball bearing system, enabling faster response time, higher durability, and limited noise
<ul>
<li>Long-standing reputation with NTT INDYCAR SERIES played role in selection</li>
</ul>
</li>
</ul>

BorgWarner Launches Passenger Car Twin Turbochargers To Power General Motors' Corvette

Deutsche Bank analyst Edison Yu reinstates BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) with a Hold and announces $36 price target.

Price Target

Initiation

Deutsche Bank Reinstates Hold on BorgWarner, Announces $36 Price Target

10 analysts have shared their evaluations of BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $43.4, along with a high estimate of $51.00 and a low estimate of $36.00. Highlighting a 2.69% decrease, the current average has fallen from the previous average price target of $44.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1725570031_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of BorgWarner by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$51.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$47.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$42.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>David Leiker</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$39.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>John Murphy</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$45.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$50.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Itay Michaeli</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$36.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>David Leiker</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$38.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$42.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$44.00</td>
<td>$45.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to BorgWarner. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of BorgWarner compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of BorgWarner's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of BorgWarner's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/BWA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on BorgWarner analyst ratings.</a>
<h2>All You Need to Know About BorgWarner</h2>
BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 14% and 11% of 2023 revenue, respectively. Geographically, Europe accounted for 36% of 2023 revenue, while Asia and North America were 34% and 29% apiece.
<h3>Understanding the Numbers: BorgWarner's Finances</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Negative Revenue Trend: Examining BorgWarner's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -1.85% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.41%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): BorgWarner's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.08%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): BorgWarner's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.15% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: BorgWarner's debt-to-equity ratio is below the industry average. With a ratio of 0.64, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing BorgWarner: Insights From 10 Financial Analysts

Wolfe Research analyst Emmanuel Rosner assumes BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) with a Peer Perform rating.

Wolfe Research Assumes BorgWarner at Peer Perform

It was reported on August 26, that Volker Weng, Vice President at BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) executed a significant insider sell, according to an SEC filing.
What Happened: Weng's recent move involves selling 19,692 shares of BorgWarner. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000908255/000122520824008211//Archives/edgar/data/908255/000122520824008211/0001225208-24-008211-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value is $664,339.
BorgWarner shares are trading up 0.06% at $33.83 at the time of this writing on Tuesday morning.
<h3>About BorgWarner</h3>
BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 14% and 11% of 2023 revenue, respectively. Geographically, Europe accounted for 36% of 2023 revenue, while Asia and North America were 34% and 29% apiece.
<h3>BorgWarner: A Financial Overview</h3>
Revenue Challenges: BorgWarner's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -1.85%. This indicates a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 19.01%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.34, BorgWarner showcases strong earnings per share.
</li>
</ul>
Debt Management: BorgWarner's debt-to-equity ratio is below the industry average at 0.64, reflecting a lower dependency on debt financing and a more conservative financial approach.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 10.15 is lower than the industry average, implying a discounted valuation for BorgWarner's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.55 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 5.94 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Exploring Key Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000908255">Check Out The Full List Of BorgWarner's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Volker Weng Takes Money Off The Table, Sells $664K In BorgWarner Stock

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer recommended buying Mueller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>). &#8220;It is a fantastic company, never <a href="https://www.benzinga.com/markets/equities/24/04/38359360/wired-for-success-mueller-industries-acquires-illinois-based-nehring-electrical-works">gets it's due,&#8221; he added.</a>
Cramer said he likes GoDaddy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>).
When asked about BorgWarner Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>), he said, &#8220;Look, auto business is bad, ok. They need a Fed rate cut and then it will go up, but not until then, I am sorry.&#8221;
The &#8220;Mad Money&#8221; host recommended buying Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>). &#8220;I think you got a winner there,&#8221; he added.
Cramer said Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) is a buy. &#8220;Down here, it is too low,&#8221; he added.
Something is &#8220;wrong here&#8221; with Qualys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>), he said.
&#8220;I don't really know what they own. It's one of those middle market plays that I get asked a lot about,&#8221; Cramer said about Golub Capital BDC, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBDC#NASDAQ">GBDC</a>). &#8220;I've told people to avoid them for as long as this show's been on, and I've been very right, so I'm not going to deviate.&#8221;
Jim Cramer said he is a buyer of H&amp;E Equipment Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEES#NASDAQ">HEES</a>).
Price Action:
<ul>
<li>Mueller Industries shares gained 1.1% to settle at $67.72 on Tuesday.</li>
<li>GoDaddy shares rose 1% to close at $159.99.</li>
<li>Borgwarner shares gained 2.2% to settle at $31.87 on Tuesday.</li>
<li>Lockheed Martin shares rose 0.5% to close at $559.42.</li>
<li>Dell shares gained 4.9% to close at $99.94 on Tuesday.</li>
<li>Qualys shares gained 2.3% to settle at $125.00 on Tuesday.</li>
<li>H&amp;E Equipment shares rose 1.3% to close at $44.85 on Tuesday.</li>
<li>Golub Capital shares gained 0.6% to close at $14.45.</li>
</ul>
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</ul>

Jim Cramer: 'Avoid Middle Market Plays' Like Golub Capital, Buy Mueller Industries — 'It Is Fantastic'

Tonit M Calaway, EVP at BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>), reported an insider sell on August 6, according to a new SEC filing. 
What Happened: Calaway's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000908255/000122520824007887//Archives/edgar/data/908255/000122520824007887/0001225208-24-007887-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday unveiled the sale of 10,868 shares of BorgWarner. The total transaction value is $344,951.
At Wednesday morning, BorgWarner shares are up by 1.65%, trading at $32.38.
<h3>Get to Know BorgWarner Better</h3>
BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 14% and 11% of 2023 revenue, respectively. Geographically, Europe accounted for 36% of 2023 revenue, while Asia and North America were 34% and 29% apiece.
<h3>BorgWarner: Delving into Financials</h3>
Decline in Revenue: Over the 3 months period, BorgWarner faced challenges, resulting in a decline of approximately -1.85% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 19.01%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): BorgWarner's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.34.
</li>
</ul>
Debt Management: BorgWarner's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.64.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 9.57 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.51, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 5.68, BorgWarner could be considered undervalued.
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
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<h3>The Relevance of Insider Transactions</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000908255">Check Out The Full List Of BorgWarner's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision: Tonit M Calaway Offloads $344K Worth Of BorgWarner Stock

JP Morgan analyst Ryan Brinkman maintains BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) with a Overweight and raises the price target from $50 to $51.

JP Morgan Maintains Overweight on BorgWarner, Raises Price Target to $51

11 analysts have expressed a variety of opinions on BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $42.64, a high estimate of $50.00, and a low estimate of $36.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 0.84%. 
<img src="https://www.benzinga.com/files/images/story/2024/1722528090_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive BorgWarner is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$47.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$42.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>David Leiker</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$39.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>John Murphy</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$45.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$50.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Itay Michaeli</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$36.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>David Leiker</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$38.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$42.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$44.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Itay Michaeli</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$41.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$45.00</td>
<td>$44.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to BorgWarner. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of BorgWarner compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for BorgWarner's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of BorgWarner's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BWA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on BorgWarner analyst ratings.</a>
<h2>Unveiling the Story Behind BorgWarner</h2>
BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 14% and 11% of 2023 revenue, respectively. Geographically, Europe accounted for 36% of 2023 revenue, while Asia and North America were 34% and 29% apiece.
<h3>Financial Insights: BorgWarner</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: BorgWarner's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 6.27%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 5.73%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): BorgWarner's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.53% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): BorgWarner's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.44%, the company showcases efficient use of assets and strong financial health.
Debt Management: BorgWarner's debt-to-equity ratio is below the industry average at 0.66, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing BorgWarner: Insights From 11 Financial Analysts

Barclays analyst Dan Levy maintains BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) with a Overweight and raises the price target from $45 to $47.

Barclays Maintains Overweight on BorgWarner, Raises Price Target to $47

Wells Fargo analyst Colin Langan maintains BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) with a Overweight and lowers the price target from $44 to $42.

Wells Fargo Maintains Overweight on BorgWarner, Lowers Price Target to $42

Baird analyst David Leiker maintains BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) with a Neutral and raises the price target from $38 to $39.

Baird Maintains Neutral on BorgWarner, Raises Price Target to $39

BorgWarner Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) shares are trading higher after a better-than-expected second-quarter <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n40062574/borgwarner-reports-second-quarter-2024-results-increases-full-year-adjusted-operating-margin-and-e" rel="noreferrer noopener">FY24 adjusted EPS and new contracts.</a>
The company reported a second-quarter FY24 sales decline of 2% year-on-year to $3.603 billion, missing the analyst consensus estimate of $3.706 billion.
The revenue decline was primarily due to declining market production volumes and the negative impact of foreign currencies.
Net sales from the Air Management segment decreased 2.6% Y/Y, Drivetrain &amp; Battery Systems Segment gained 7.1% and ePropulsion dropped 18%.
Adjusted EPS of $1.19 <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">beat the analyst consensus of $1.01</a>.
Gross profit rose 0.7% to $685 million, and gross margin expanded 50 basis points to 19%.
The operating margin was 8.2%, and the operating income decreased 10.8% Y/Y to $333 million.
BorgWarner held $1.3 billion in cash and equivalents as of June-end. Net cash provided by operating activities for the quarter amounted to $462 million, with a free cash flow of $297 million.
Outlook: BorgWarner lowered FY24 sales guidance from $14.4 billion &#8211; $14.9 billion to $14.1 billion &#8211; $14.4 billion versus the Street view of $14.73 billion.
BorgWarner reduced the mid-point net sales guidance by $400 million primarily due to a lower market production outlook, weaker foreign currencies and <a href="https://www.benzinga.com/calendars/guidance">slower year-over-year growth in eProduct sales.</a>
The company updated FY24 adjusted EPS outlook from $3.80 &#8211; $4.15 to $3.95 &#8211; $4.15, against the consensus of $4.07.
BorgWarner intends to repurchase $300 million of the company&#8217;s outstanding shares during the second half of 2024.&nbsp;
BorgWarner sees operating margin for the full year in the range of 8.2% to 8.3%.&nbsp;
The company has secured exhaust gas recirculation (EGR) cooler contracts with a prominent,&nbsp;North America&nbsp;based commercial vehicle (CV) customer to boost <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n40065647/borgwarner-clinches-contracts-to-supply-durable-efficient-egr-coolers-to-commercial-vehicle-custom" rel="noreferrer noopener">thermal management product business</a>.
Also, BorgWarner has secured contracts to supply its electric cross differential (eXD) to three major OEMs, including GAC Motor, a Global East Asian OEM, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n40065585/borgwarner-secures-bev-electric-cross-differential-contracts-with-three-global-oems" rel="noreferrer noopener">and a Global OEM based in&nbsp;Europe</a>.
Price Action: BWA shares are trading higher by 8.07% at $35.07 on the last check Wednesday.
Photo via Wikimedia Commons

Why Automotive And e-Mobility Supplier BorgWarner's Shares Are Jumping Today

WIIM

BorgWarner shares are trading higher after the company reported mixed Q2 results and announced new contracts.

BorgWarner Secures Largest North American eFan Contract For High-Voltage System On Heavy- And Medium-Duty BEVs; eFan Reaches Up To 10 kW Power And 40 Nm Torque, Liquid-Cooled For Reliability; Production Starts Q4 2027

BorgWarner Cuts FY24 Sales Guidance From $14.4B-$14.9B To $14.1B-$14.4B vs $14.73B Est.; Updates FY24 Adj. EPS Guidance From $3.80-$4.15 To $3.95-$4.15 vs $4.07 Est.

BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) reported quarterly earnings of $1.19 per share which beat the analyst consensus estimate of $1.01 by 17.82 percent. The company reported quarterly sales of $3.603 billion which missed the analyst consensus estimate of $3.706 billion by 2.78 percent. This is a 20.29 percent decrease over sales of $4.520 billion the same period last year.

Earnings Beats

Earnings Misses

BorgWarner Q2 2024 Adj. EPS $1.19 Beats $1.01 Estimate, Sales $3.603B Miss $3.706B Estimate

B of A Securities analyst John Murphy maintains BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) with a Buy and lowers the price target from $50 to $45.

B of A Securities Maintains Buy on BorgWarner, Lowers Price Target to $45

JP Morgan analyst Ryan Brinkman maintains BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) with a Overweight and lowers the price target from $52 to $50.

JP Morgan Maintains Overweight on BorgWarner, Lowers Price Target to $50

9 analysts have shared their evaluations of BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $41.67, a high estimate of $45.00, and a low estimate of $38.00. This upward trend is apparent, with the current average reflecting a 5.04% increase from the previous average price target of $39.67.
<img src="https://www.benzinga.com/files/images/story/2024/1720807246_0_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The perception of BorgWarner by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Leiker</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$38.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$42.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$44.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Itay Michaeli</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$41.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$45.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Jeffrey Osborne</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$40.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$45.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$40.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>David Leiker</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$40.00</td>
<td>$36.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to BorgWarner. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of BorgWarner compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for BorgWarner's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of BorgWarner's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/BWA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on BorgWarner analyst ratings.</a>
<h2>Delving into BorgWarner's Background</h2>
BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 14% and 11% of 2023 revenue, respectively. Geographically, Europe accounted for 36% of 2023 revenue, while Asia and North America were 34% and 29% apiece.
<h3>A Deep Dive into BorgWarner's Financials</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: BorgWarner displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 6.27%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: BorgWarner's net margin is impressive, surpassing industry averages. With a net margin of 5.73%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): BorgWarner's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.53%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.44%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.66.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 9 Ratings For BorgWarner

Morgan Stanley analyst Adam Jonas maintained a Buy rating on BorgWarner (BWA – Research Report) today and set a price target of $45.00. The company...

Morgan Stanley Keeps Their Buy Rating on BorgWarner (BWA)

As the world shifts towards sustainability, the electric vehicle (EV) revolution is driving a surge in demand for crucial components and suppliers. In this evolving landscape, one could consider investing in fundamentally sound EV suppliers, such as LyondellBasell Industries (LYB), Amkor Technology (AMKR), and BorgWarner (BWA), that are flying under the radar. Read on… The electric vehicle (EV) boom isn't just turbocharging the fortunes of car manufacturers; it's also fueling a surge in demand for essential components and suppliers critical to the industry's growth. This growing need sparks innovation and drives companies to develop more efficient, long-lasting, cost-effective batteries.
Amid this backdrop, it could be wise to scoop up the shares of under-the-radar electric vehicle suppliers like LyondellBasell Industries N.V. (<a href="https://stocknews.com/stock/LYB/">LYB</a>), Amkor Technology, Inc. (<a href="https://stocknews.com/stock/AMKR/">AMKR</a>), and BorgWarner Inc. (<a href="https://stocknews.com/stock/BWA/">BWA</a>).
By 2024, one in four new cars on the road will be electric, with global sales <a href="https://www.greenmatch.co.uk/electric-vehicles">hitting over 17 million</a> units. This trend is expected to continue, with EVs forecasted to account for 46% of light-vehicle sales by 2025, growing to 68% by 2030 and 83% by 2035.
According to Statista, the market's growth will be robust, leading to a projected volume of $906.70 billion by 2028, growing at a <a href="https://www.statista.com/outlook/mmo/electric-vehicles/worldwide">CAGR of 9.8%</a>. Moreover, the Biden-Harris Administration's <a href="https://highways.dot.gov/newsroom/biden-harris-administration-announces-623-million-grants-continue-building-out-electric">$623 million investment</a> in expanding EV charging infrastructure underscores the accelerating commitment to this sector. This boost encourages companies in this space to innovate and enhance EV technology even further.
As the industry evolves, it is driving a massive surge in demand for everything from advanced batteries to innovative automotive parts. In fact, the global demand for batteries is expected to quadruple to <a href="https://www.batterytechonline.com/industry-outlook/report-global-battery-demand-to-quadruple-by-2030">4,100 gigawatt-hours (GWh) by 2030</a>.
Considering these encouraging trends, let's take a look at the fundamental aspects of the featured stocks in detail:
LyondellBasell Industries N.V. (<a href="https://stocknews.com/stock/LYB/">LYB</a>)
LYB is a global chemical company that creates solutions for everyday, sustainable living. The company operates in six segments: Olefins and Polyolefins Americas; Olefins and Polyolefins Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.
On July 26, LYB launched its new Schulamid ET100 product line, a revolutionary polyamide-based compound for automotive interior structural solutions, such as door window frames. This latest addition highlights the company's innovation in Engineered Polymers and expands its Engineered Plastics portfolio for the automotive industry.
On June 14, LYB unveiled a new production line at its Dalian facility in China, marking a significant expansion for its Advanced Polymer Solutions (APS) business. This latest addition, which will manufacture high-performance polypropylene compounds primarily for the automotive sector, doubles the site's production capacity to 40,000 tonnes annually. This expansion strengthens LYB's foothold in China and enables it to meet growing demand.
In terms of forward non-GAAP P/E, LYB is trading at 12.17x, 22.5% lower than the industry average of 15.69x. Likewise, the stock's forward EV/Sales and Price/Sales multiples of 1.02 and 0.77 are 40.4% and 43.9% lower than their respective industry averages of 1.71 and 1.37.
LYB's sales and other operating revenues for the fiscal second quarter that ended June 30, 2024, increased 2.4% year-over-year to $10.56 billion, while its <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> stood at $1.64 billion, up 18.9% over the prior-year quarter. The company's net income and EPS increased by 29.2% and 29.4% year-over-year to $924 million and $2.82, respectively.
Street expects LYB's revenue for the fiscal fourth quarter (ending December 2024) to increase 1.6% year-over-year to $10.09 billion. Its EPS for the same period is expected to register a 43.3% growth from the prior year, settling at $1.81. In addition, it surpassed the consensus revenue estimates in each of the trailing four quarters, which is excellent.
Shares of LYB have gained 1.6% year-to-date to close the last trading session at $96.56.
LYB's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
LYB has a B grade for Value and Stability. It is ranked #28 out of 80 stocks in the B-rated <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry. <a href="https://stocknews.com/stock/LYB/">Click here</a> to access the other LYB ratings for Growth, Momentum, Sentiment, and Quality.
Amkor Technology, Inc. (<a href="https://stocknews.com/stock/AMKR/">AMKR</a>)
AMKR offers outsourced semiconductor packaging and test services across multiple regions, including the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. The company provides a full suite of services, including wafer bumping, probing, back-grinding, package design, packaging, system-level and final testing, and drop shipment.
On July 26, AMKR signed a Memorandum of Terms with the US Department of Commerce to receive proposed funding under the CHIPS and Science Act. The funding will support the construction of AMKR's first domestic OSAT (outsourced semiconductor assembly and test) facility, set to become the largest of its kind in the United States.
In the same month, AMKR and Infineon Technologies AG (<a href="https://stocknews.com/stock/IFNNY/">IFNNY</a>), a leader in power systems and IoT, signed a Memorandum of Understanding to advance decarbonization and sustainability strategies across the supply chain. Both companies will work with common suppliers to improve their green practices and set emissions reduction targets, enhancing their sustainability efforts.
In terms of forward non-GAAP P/E, AMKR is trading at 20.53x, 11.6% lower than the industry average of 23.23x. Likewise, the stock's forward EV/Sales and Price/Cash Flow multiples of 1.20 and 6.47 are 58.5% and 66.2% lower than the industry averages of 2.88x and 19.15x, respectively.
For the second quarter of 2024, which ended on June 30, AMKR's net sales increased marginally year-over-year to $1.46 billion, while its operating income margin improved by 40 basis points to 5.6%. Its operating income stood at $82 million, up 7.9% year-over-year, while its attributable net income amounted to $67 million, representing an increase of 4.7% from the last year. Also, the company's adjusted EPS for the quarter increased 3.8% year-over-year to $0.27.
For the third quarter of 2024, AMKR anticipates net sales to range from $1.79 billion to $1.89 billion, with a gross margin of 14%-16%. Net income is projected to be between $105 million and $140 million, or $0.42 to $0.56 per diluted share.
Analysts expect AMKR's revenue for the fiscal fourth quarter (ending December 2024) to grow 5.1% year-over-year to $1.84 billion, while its EPS for the same quarter is expected to increase 12.6% year-over-year to $0.54. Moreover, the company has topped the EPS estimates in each of the trailing four quarters, which is promising.
Over the past year, the stock has gained 28.8%, closing the last trading session at $32.40.
It's no surprise that AMKR has an overall rating of B, equating to a Buy in our POWR Ratings system. It has a B grade for Value and Momentum. Out of 90 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry, AMKR is ranked #14.
Beyond what is stated above, we've also rated AMKR for Growth, Stability, Sentiment, and Quality. Get all AMKR ratings <a href="https://stocknews.com/stock/AMKR/">here</a>.
BorgWarner Inc. (<a href="https://stocknews.com/stock/BWA/">BWA</a>)
BWA provides technology solutions for combustion, hybrid, and electric vehicles worldwide. The company's products help improve vehicle performance, propulsion efficiency, stability, and air quality. It operates in three segments: Air Management; Drivetrain &amp; Battery Systems; and ePropulsion.
On July 31, BWA secured multiple contracts to supply its electric cross differential (eXD) technology to three major OEMS, including GAC motor, an East Asian automaker, and a prominent global OEM in Europe. The eXD will be integrated into various BEV models, from sports cars to premium sedans, enhancing vehicle efficiency and communication.
On the same day, BWA announced a contract to deliver its high-voltage eFan system for a major global OEM's heavy- and medium-duty BEV series in North America. The management believes that the efficient eFan system has the scalability to meet specific customer requirements, with a wide voltage range and liquid cooling for long-term reliability.
In terms of forward EV/Sales, BWA is trading at 0.71x, which is 41.1% lower than the industry average of 1.20x. The stock's forward Price/Cash Flow ratio of 4.93x is 48.8% below the industry average of 9.63x. Also, its forward EV/EBITDA multiple of 5.25 compares to the industry average of 9.78x.
In the fiscal second quarter that ended on June 30, 2024, BWA's net sales amounted to $3.60 billion, while its gross profit increased marginally year-over-year to $685 million. Net earnings attributable to BWA came in at $303 million, up 48.5% year-over-year. The company's adjusted EPS grew 12.3% from the prior-year quarter to $1.19. In addition, its free cash flow stood at $297 million, compared to the year-ago value of $30 million.
As per the updated full-year 2024 guidance, the company projects adjusted net earnings between $3.95 and $4.15. Organic sales are forecasted to grow by 0.5% to 2.5%. In addition, operating cash flow is anticipated to range from $1.325 billion to $1.375 billion, with free cash flow between $475 million and $575 million.
The consensus revenue estimate of $3.58 billion for the fiscal fourth quarter (ending December 2024) represents a 1.6% increase year-over-year. The consensus EPS estimate of $0.95 for the ongoing quarter indicates a 6.1% improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus EPS estimates in three of the trailing four quarters.
BWA shares have surged 7.8% over the past six months to close the last trading session at $32.51.
BWA's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Growth, Value, and Quality. Within the A-rated <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> industry, BWA is ranked #14 out of 61 stocks. <a href="https://stocknews.com/stock/BWA/">Click here</a> to access the additional ratings for BWA (Momentum, Stability, and Sentiment).
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<hr />
LYB shares were trading at $96.83 per share on Wednesday afternoon, up $0.27 (+0.28%). Year-to-date, LYB has gained 4.53%, versus a 18.54% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/lyb-amkr-bwa-ifnny-3-electric-vehicle-suppliers-that-are-flying-under-the-radar/>3 Electric Vehicle Suppliers That Are Flying Under the Radar</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Electric Vehicle Suppliers That Are Flying Under the Radar

In a report released yesterday, Colin Langan from Wells Fargo maintained a Buy rating on BorgWarner (BWA – Research Report), with a price target of...

Wells Fargo Sticks to Their Buy Rating for BorgWarner (BWA)

BorgWarner: Growth Potential In Battery Systems And eProducts

In a report released today, Colin Langan from Wells Fargo maintained a Buy rating on BorgWarner (BWA – Research Report), with a price target of $42...

BorgWarner (BWA) Receives a Buy from Wells Fargo

In a report released today, Chris McNally from Evercore ISI maintained a Hold rating on BorgWarner (BWA – Research Report), with a price target of ...

Evercore ISI Remains a Hold on BorgWarner (BWA)

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