BorgWarner Inc. (BWA) Price Target Increased to $55.00 by Analysts at Deutsche Bank AG
BorgWarner Inc. (NYSE:BWA) had its target price upped by investment analysts at Deutsche Bank AG from $54.00 to $55.00 in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the auto parts company’s stock. Deutsche Bank AG’s price objective indicates a potential upside of 18.28% from the stock’s current price.
BWA has been the topic of a number of other research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $55.00 target price (up previously from $50.00) on shares of BorgWarner in a report on Friday, July 28th. Barclays PLC set a $46.00 target price on BorgWarner and gave the stock a “hold” rating in a report on Sunday. Zacks Investment Research raised BorgWarner from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $44.00 target price on shares of BorgWarner in a report on Wednesday, July 12th. Finally, BidaskClub downgraded BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.67.
BorgWarner (BWA) traded up 0.71% on Tuesday, hitting $46.83. 197,025 shares of the stock were exchanged. BorgWarner has a 52-week low of $32.72 and a 52-week high of $48.03. The firm has a market cap of $9.88 billion, a PE ratio of 52.21 and a beta of 1.73. The stock’s 50 day moving average price is $43.99 and its 200 day moving average price is $41.98.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the firm earned $0.84 EPS. BorgWarner’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that BorgWarner will post $3.70 earnings per share for the current year.
In other news, Director Dennis C. Cuneo sold 1,000 shares of BorgWarner stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $44.06, for a total transaction of $44,060.00. Following the transaction, the director now directly owns 13,398 shares in the company, valued at approximately $590,315.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.66% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of BorgWarner by 19.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,017 shares of the auto parts company’s stock valued at $2,288,000 after buying an additional 8,844 shares during the period. Andra AP fonden boosted its position in shares of BorgWarner by 72.9% in the second quarter. Andra AP fonden now owns 61,200 shares of the auto parts company’s stock valued at $2,592,000 after buying an additional 25,800 shares during the period. Penserra Capital Management LLC boosted its position in shares of BorgWarner by 13.0% in the second quarter. Penserra Capital Management LLC now owns 6,136 shares of the auto parts company’s stock valued at $259,000 after buying an additional 708 shares during the period. Prudential Financial Inc. boosted its position in shares of BorgWarner by 88.1% in the second quarter. Prudential Financial Inc. now owns 816,422 shares of the auto parts company’s stock valued at $34,584,000 after buying an additional 382,494 shares during the period. Finally, Great Lakes Advisors LLC boosted its position in shares of BorgWarner by 11.2% in the second quarter. Great Lakes Advisors LLC now owns 661,207 shares of the auto parts company’s stock valued at $28,009,000 after buying an additional 66,482 shares during the period. Institutional investors own 92.06% 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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