BorgWarner and Garrett Motion Classified as Consumer Discretionary
What happened
Garrett Motion and BorgWarner were both classified as consumer discretionary companies. A comparison of the two companies showed that Garrett Motion has higher earnings but lower revenue than BorgWarner. Garrett Motion is currently trading at a lower price-to-earnings ratio than BorgWarner, and 86.3% of its shares are owned by institutional investors, compared to 95.7% for BorgWarner.
From themarketsdaily.com
Why it matters
The comparison highlights differences in market risk and valuation between the two companies. Garrett Motion has a beta of 0.95, meaning its share price is 5% less volatile than the S&P 500. BorgWarner has a beta of 1.2, indicating its share price is 20% more volatile than the S&P 500.
From themarketsdaily.com
Who's involved
- BorgWarnerSubject to mandatory reporting and oversight by the U.S. Securities and Exchange Commission.
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The entities involved
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BorgWarner
company
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