BorgWarner (NYSE:BWA) Price Target Increased to $45.00 by Analysts at Citigroup

BorgWarner (NYSE:BWAGet Rating) had its price objective lifted by investment analysts at Citigroup from $43.00 to $45.00 in a note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Citigroup’s target price indicates a potential upside of 18.83% from the company’s current price.

BWA has been the subject of several other research reports. Robert W. Baird raised their target price on shares of BorgWarner from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays reduced their target price on shares of BorgWarner from $49.00 to $41.00 and set an “equal weight” rating for the company in a report on Thursday, April 7th. The Goldman Sachs Group reduced their target price on shares of BorgWarner from $41.00 to $40.00 in a report on Wednesday, June 1st. Morgan Stanley reissued a “maintains” rating and set a $32.00 target price (up previously from $30.00) on shares of BorgWarner in a report on Thursday. Finally, Exane BNP Paribas began coverage on shares of BorgWarner in a research report on Monday, April 11th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $44.67.

BorgWarner Trading Down 1.3 %

NYSE BWA opened at $37.87 on Thursday. The company has a fifty day simple moving average of $36.31 and a two-hundred day simple moving average of $38.50. The stock has a market cap of $9.07 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.33 and a beta of 1.39. BorgWarner has a 12-month low of $32.28 and a 12-month high of $50.09. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.58.

BorgWarner (NYSE:BWAGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The auto parts company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.20. BorgWarner had a net margin of 4.36% and a return on equity of 13.13%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter last year, the company posted $1.08 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts forecast that BorgWarner will post 4.09 earnings per share for the current year.

Insider Activity

In other news, CAO Tonit M. Calaway sold 4,000 shares of BorgWarner stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $38.75, for a total value of $155,000.00. Following the sale, the chief accounting officer now owns 57,923 shares in the company, valued at $2,244,516.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Tonit M. Calaway sold 17,543 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $40.27, for a total value of $706,456.61. Following the transaction, the chief accounting officer now directly owns 40,380 shares of the company’s stock, valued at $1,626,102.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Tonit M. Calaway sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $38.75, for a total transaction of $155,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 57,923 shares in the company, valued at $2,244,516.25. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Several hedge funds and other institutional investors have recently modified their holdings of BWA. Van ECK Associates Corp lifted its stake in shares of BorgWarner by 99.5% in the fourth quarter. Van ECK Associates Corp now owns 1,750 shares of the auto parts company’s stock worth $79,000 after buying an additional 873 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in BorgWarner during the fourth quarter worth about $3,373,000. Commonwealth Equity Services LLC raised its stake in BorgWarner by 15.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 75,570 shares of the auto parts company’s stock worth $3,405,000 after purchasing an additional 10,135 shares during the period. State of New Jersey Common Pension Fund D raised its stake in BorgWarner by 1.3% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 136,602 shares of the auto parts company’s stock worth $6,157,000 after purchasing an additional 1,733 shares during the period. Finally, Yousif Capital Management LLC purchased a new position in BorgWarner during the fourth quarter worth about $2,050,000. 90.96% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Company Profile

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BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

Further Reading

Analyst Recommendations for BorgWarner (NYSE:BWA)

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