Citigroup Increases BorgWarner (NYSE:BWA) Price Target to $41.00

BorgWarner (NYSE:BWA) had its target price raised by stock analysts at Citigroup from $33.00 to $41.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price objective points to a potential upside of 11.41% from the company’s current price.

Several other equities research analysts have also commented on the stock. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Barclays lifted their target price on shares of BorgWarner from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday. Robert W. Baird upped their price objective on BorgWarner from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Wells Fargo & Company upped their price target on shares of BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. reduced their price objective 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. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $43.76.

BorgWarner Trading Down 0.4 %

Shares of BWA opened at $36.80 on Monday. BorgWarner has a 1-year low of $29.51 and a 1-year high of $50.04. The company has a market capitalization of $8.38 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.08 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.20. The firm’s 50 day simple moving average is $33.35 and its 200 day simple moving average is $33.67.

BorgWarner (NYSE:BWA) last issued 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 net margin of 4.02% and a return on equity of 15.33%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Sell-side analysts forecast that BorgWarner will post 3.94 earnings per share for the current fiscal year.

BorgWarner declared that its board has initiated a share buyback program on Thursday, May 2nd that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to buy up to 6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following the sale, the chief executive officer now owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the sale, the chief executive officer now owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total transaction of $93,870.00. Following the sale, the vice president now directly owns 252,013 shares of the company’s stock, valued at $7,885,486.77. The disclosure for this sale can be found here. Insiders sold a total of 287,503 shares of company stock valued at $9,015,478 in the last ninety days. Insiders own 0.63% of the company’s stock.

Institutional Trading of BorgWarner

Hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in BorgWarner in the third quarter worth about $28,000. EdgeRock Capital LLC bought a new position in BorgWarner during the 4th quarter worth approximately $30,000. Riverview Trust Co acquired a new position in shares of BorgWarner in the 1st quarter worth approximately $30,000. Sound Income Strategies LLC bought a new stake in shares of BorgWarner in the 4th quarter valued at approximately $32,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of BorgWarner during the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.