BorgWarner (NYSE:BWA) Price Target Raised to $39.00

BorgWarner (NYSE:BWA) had its price target upped by Deutsche Bank Aktiengesellschaft from $38.00 to $39.00 in a research report released on Monday, Benzinga reports. They currently have a hold rating on the auto parts company’s stock.

BWA has been the topic of several other research reports. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Wolfe Research initiated coverage on shares of BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group decreased their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. UBS Group lifted their target price on BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $41.44.

BorgWarner Trading Up 2.4 %

BWA opened at $34.85 on Monday. The company has a market cap of $7.62 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 0.70 and a beta of 1.20. The company has a fifty day moving average price of $34.08 and a two-hundred day moving average price of $33.91. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner has a 1-year low of $29.51 and a 1-year high of $38.22.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the business earned $0.98 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Analysts predict that BorgWarner will post 4.23 EPS for the current fiscal year.

Insider Transactions at BorgWarner

In other news, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares of the company’s stock, valued at $1,472,512. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is currently owned by company insiders.

Institutional Trading of BorgWarner

A number of institutional investors have recently modified their holdings of BWA. SG Americas Securities LLC lifted its position in shares of BorgWarner by 59.2% during the second quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock worth $1,378,000 after acquiring an additional 15,883 shares in the last quarter. Bessemer Group Inc. lifted its holdings in BorgWarner by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company’s stock worth $1,363,000 after purchasing an additional 18,640 shares in the last quarter. Edgestream Partners L.P. boosted its stake in BorgWarner by 419.7% in the 1st quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock worth $2,311,000 after purchasing an additional 53,721 shares during the period. Toronto Dominion Bank grew its holdings in BorgWarner by 33.4% during the 1st quarter. Toronto Dominion Bank now owns 137,876 shares of the auto parts company’s stock valued at $4,790,000 after buying an additional 34,488 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. increased its position in shares of BorgWarner by 14.3% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 383,185 shares of the auto parts company’s stock valued at $13,312,000 after buying an additional 48,020 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.