BorgWarner (NYSE:BWA) Price Target Increased to $40.00 by Analysts at TD Cowen

BorgWarner (NYSE:BWA) had its target price hoisted by equities researchers at TD Cowen from $36.00 to $40.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the auto parts company’s stock. TD Cowen’s target price would suggest a potential upside of 9.77% from the stock’s current price.

Several other equities research analysts also recently issued reports on BWA. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Oppenheimer upped their price target on shares of BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. cut their price objective on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Finally, Barclays boosted their price objective on BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $43.93.

BorgWarner Stock Performance

BWA stock traded up $0.81 during trading hours on Friday, reaching $36.44. The stock had a trading volume of 4,823,602 shares, compared to its average volume of 2,896,684. The stock has a market capitalization of $8.37 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 0.98 and a beta of 1.30. The stock has a 50-day simple moving average of $32.98 and a 200 day simple moving average of $33.79. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $50.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.30.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter last year, the company posted $1.09 earnings per share. BorgWarner’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts predict that BorgWarner will post 3.9 EPS for the current fiscal year.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now owns 83,348 shares in the company, valued at $2,679,638.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the sale, the chief accounting officer now owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the transaction, the chief executive officer now directly owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The disclosure for this sale can be found here. Insiders sold a total of 287,503 shares of company stock worth $9,015,478 over the last three months. Corporate insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Boomfish Wealth Group LLC boosted its holdings in BorgWarner by 3.6% in the first quarter. Boomfish Wealth Group LLC now owns 34,126 shares of the auto parts company’s stock valued at $1,186,000 after acquiring an additional 1,186 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in BorgWarner during the 1st quarter worth approximately $280,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of BorgWarner by 12,144.4% in 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 during the period. FORA Capital LLC boosted its stake in shares of BorgWarner by 26.6% in the 1st quarter. FORA Capital LLC now owns 56,376 shares of the auto parts company’s stock valued at $1,959,000 after purchasing an additional 11,847 shares during the last quarter. Finally, Wright Investors Service Inc. increased its position in shares of BorgWarner by 57.5% during the first quarter. Wright Investors Service Inc. now owns 26,677 shares of the auto parts company’s stock worth $927,000 after buying an additional 9,737 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.