BorgWarner (BWA) has experienced both ups and downs recently. A number of brokerages have both upgraded and downgraded their rating for the company, while others recommend buying or suggest that the stock is currently undervalued. Despite some instances of underperforming in the market, there were periods of market outperformance. Some investors, including First Trust Direct Indexing L.P. and Van ECK Associates Corp, have added to their positions in the company, while others, including the Swiss National Bank and Savant Capital LLC, have cut their holdings. BWA's Q4 earnings and revenues beat estimates, while its Q1 earnings key metrics were also favorable. Analysts from Citigroup and Barclays have raised their price target for the company. However, the company's stock also fell after reduced sales guidance and upon softer-than-expected earnings. Despite this, Q1 earnings beat estimates and outlook for key metrics was revealed. The corporation has announced dividend payouts, increasing EPS guidance, and an initiative for a stock repurchase program. Despite missing on Q4 earnings and revenue estimates, the corporation has reported growth in 2023 and projects a 25-40% eProduct sales increase in 2024.
Borgwarner BWA News Analytics from Wed, 18 Oct 2023 07:00:00 GMT to Sun, 12 May 2024 01:10:14 GMT -
Rating 3
- Innovation 5
- Information 8
- Rumor -2
