BorgWarner Inc (BWA): Today's Featured Automotive Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
(
) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day up 0.7%. By the end of trading, BorgWarner fell $1.01 (-1.3%) to $78.17 on average volume. Throughout the day, 1,139,841 shares of BorgWarner exchanged hands as compared to its average daily volume of 1,033,500 shares. The stock ranged in price between $77.84-$79.38 after having opened the day at $79.18 as compared to the previous trading day's close of $79.18. Other companies within the Automotive industry that declined today were:
(
), down 5.9%,
(
), down 3.7%,
(
), down 3.1% and
(
), down 2.6%.
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BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. BorgWarner has a market cap of $9.0 billion and is part of the consumer goods sector. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 8.8% year to date as of the close of trading on Monday.
TheStreet Ratings rates BorgWarner as a
. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full BorgWarner Ratings Report.
On the positive front,
(
), down 22.1%,
(
), down 4.9%,
(
), down 4.0% and
(
), down 3.9% , were all gainers within the automotive industry with
(
) being today's featured automotive industry leader.
- Use our automotive section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider
Consumer Discretionary Sel Sec SPDR
(
) while those bearish on the automotive industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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