BorgWarner (NYSE:BWA) PT Raised to $40.00 at Oppenheimer

BorgWarner (NYSE:BWA) had its price target raised by equities research analysts at Oppenheimer from $39.00 to $40.00 in a report released on Friday, Benzinga reports. The firm currently has an “outperform” rating on the auto parts company’s stock. Oppenheimer’s price target points to a potential upside of 9.77% from the stock’s current price.

A number of other brokerages have also weighed in on BWA. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Barclays boosted their price objective on shares of BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. BNP Paribas cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. JPMorgan Chase & Co. reduced their price target on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group lowered their price objective on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.93.

BorgWarner Trading Up 2.3 %

NYSE:BWA opened at $36.44 on Friday. The firm has a market capitalization of $8.37 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.09 and a beta of 1.30. The company has a quick ratio of 1.30, a current ratio of 1.54 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average of $33.10 and a 200 day moving average of $33.72. BorgWarner has a 52 week low of $29.51 and a 52 week high of $50.04.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.87 by $0.16. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. On average, research analysts predict that BorgWarner will post 3.94 earnings per share for the current year.

Insider Transactions at BorgWarner

In related news, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Frederic Lissalde sold 225,900 shares of BorgWarner 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 sale, the chief executive officer now directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total transaction of $93,870.00. Following the transaction, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 287,503 shares of company stock worth $9,015,478. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in shares of BorgWarner during the 3rd quarter valued at $28,000. EdgeRock Capital LLC bought a new position in BorgWarner in the fourth quarter valued at about $30,000. Riverview Trust Co purchased a new position in BorgWarner in the first quarter worth about $30,000. Sound Income Strategies LLC bought a new stake in shares of BorgWarner during the 4th quarter valued at about $32,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of BorgWarner during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Company Profile

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.