BorgWarner (NYSE:BWA) Price Target Raised to $39.00 at Deutsche Bank Aktiengesellschaft

BorgWarner (NYSE:BWA) had its price objective increased by Deutsche Bank Aktiengesellschaft from $38.00 to $39.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the auto parts company’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 15.25% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Barclays raised their target price on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. UBS Group raised their target price on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. The Goldman Sachs Group reduced their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Citigroup reduced their target price on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Finally, StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.44.

BorgWarner Trading Up 1.2 %

NYSE BWA traded up $0.40 during trading hours on Monday, reaching $33.84. The company had a trading volume of 738,815 shares, compared to its average volume of 2,704,187. The stock has a 50-day moving average of $34.06 and a 200 day moving average of $33.89. BorgWarner has a 1-year low of $29.51 and a 1-year high of $38.22. The company has a current ratio of 1.84, a quick ratio of 1.26 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $7.71 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 0.73 and a beta of 1.20.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, research analysts anticipate that BorgWarner will post 4.09 earnings per share for the current fiscal year.

Insider Buying and Selling at BorgWarner

In other news, EVP Tania Wingfield sold 2,066 shares of BorgWarner 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 completion of the transaction, the executive vice president now owns 46,016 shares of the company’s stock, valued at $1,472,512. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in BorgWarner by 16.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 33,040 shares of the auto parts company’s stock worth $1,148,000 after purchasing an additional 4,650 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in BorgWarner by 4.9% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,655 shares of the auto parts company’s stock worth $301,000 after purchasing an additional 402 shares in the last quarter. Daiwa Securities Group Inc. increased its position in BorgWarner by 9.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 23,011 shares of the auto parts company’s stock worth $799,000 after purchasing an additional 2,072 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in BorgWarner by 12,144.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in BorgWarner during the 1st quarter worth about $280,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

About BorgWarner

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.