BorgWarner Inc. (NYSE:BWA) had its target price lifted by research analysts at BMO Capital Markets from $60.00 to $65.00 in a research report issued to clients and investors on Monday, October 30th. The firm presently has an “outperform” rating on the auto parts company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 25.14% from the stock’s current price.
BWA has been the subject of a number of other research reports. Barclays PLC set a $46.00 target price on shares of BorgWarner and gave the stock a “hold” rating in a research report on Sunday, August 6th. Deutsche Bank AG upped their price objective on shares of BorgWarner from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, August 22nd. KeyCorp increased their price target on shares of BorgWarner from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, BidaskClub cut shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $47.72.
BorgWarner (NYSE:BWA) opened at $51.94 on Monday. BorgWarner has a twelve month low of $34.44 and a twelve month high of $53.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. The stock has a market capitalization of $10,950.98, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.51 and a beta of 1.75.
BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the company posted $0.78 EPS. BorgWarner’s revenue was up 9.1% on a year-over-year basis. equities research analysts forecast that BorgWarner will post 3.82 EPS for the current fiscal year.
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In related news, EVP Tonit M. Calaway sold 3,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total transaction of $134,970.00. Following the sale, the executive vice president now directly owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.66% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in BWA. Cetera Advisor Networks LLC acquired a new position in BorgWarner during the third quarter worth $217,000. IFM Investors Pty Ltd purchased a new stake in shares of BorgWarner in the third quarter valued at about $359,000. Fieldpoint Private Securities LLC purchased a new stake in shares of BorgWarner in the third quarter valued at about $508,000. Neuberger Berman Group LLC raised its holdings in shares of BorgWarner by 3.0% in the third quarter. Neuberger Berman Group LLC now owns 826,818 shares of the auto parts company’s stock valued at $42,358,000 after purchasing an additional 23,872 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of BorgWarner by 2.4% in the third quarter. California Public Employees Retirement System now owns 542,241 shares of the auto parts company’s stock valued at $27,779,000 after purchasing an additional 12,741 shares during the last quarter. Institutional investors own 92.75% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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