BorgWarner Inc. (NYSE:BWA)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group LLC in a research report issued on Tuesday. They presently have a $56.00 price target on the auto parts company’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 25.06% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Bank of America Corporation restated an “underperform” rating and set a $27.00 target price (down from $30.00) on shares of BorgWarner in a research report on Friday, June 16th. BMO Capital Markets restated an “outperform” rating and set a $55.00 target price (up from $50.00) on shares of BorgWarner in a research report on Friday, July 28th. Morgan Stanley lowered their target price on shares of BorgWarner from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, June 9th. Finally, Deutsche Bank AG restated a “buy” rating and set a $54.00 target price on shares of BorgWarner in a research report on Wednesday, May 31st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $43.20.

Shares of BorgWarner (BWA) opened at 44.78 on Tuesday. The stock’s 50 day moving average is $45.61 and its 200-day moving average is $42.58. BorgWarner has a 12-month low of $33.09 and a 12-month high of $48.03. The stock has a market cap of $9.45 billion, a PE ratio of 49.92 and a beta of 1.73.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. BorgWarner had a net margin of 2.06% and a return on equity of 20.75%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the company earned $0.84 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts expect that BorgWarner will post $3.70 EPS for the current year.

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In related news, insider Brady D. Ericson sold 11,052 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total value of $501,539.76. Following the completion of the transaction, the insider now owns 23,418 shares of the company’s stock, valued at approximately $1,062,708.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tonit M. Calaway sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total transaction of $134,970.00. Following the completion of the transaction, the executive vice president now directly owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The disclosure for this sale can be found here. Insiders have sold a total of 15,052 shares of company stock valued at $680,570 in the last ninety days. Corporate insiders own 0.66% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in BWA. Achmea Investment Management B.V. increased its position in shares of BorgWarner by 58.0% in the second quarter. Achmea Investment Management B.V. now owns 14,217 shares of the auto parts company’s stock valued at $601,000 after buying an additional 5,218 shares during the last quarter. USA Financial Portformulas Corp acquired a new stake in BorgWarner during the second quarter valued at approximately $3,611,000. Sentry Investment Management LLC boosted its stake in BorgWarner by 0.9% in the second quarter. Sentry Investment Management LLC now owns 13,520 shares of the auto parts company’s stock valued at $573,000 after buying an additional 120 shares during the period. Toronto Dominion Bank boosted its stake in BorgWarner by 24.9% in the second quarter. Toronto Dominion Bank now owns 68,094 shares of the auto parts company’s stock valued at $2,884,000 after buying an additional 13,593 shares during the period. Finally, North Star Asset Management Inc. boosted its stake in BorgWarner by 13.4% in the second quarter. North Star Asset Management Inc. now owns 64,152 shares of the auto parts company’s stock valued at $2,717,000 after buying an additional 7,560 shares during the period. 91.06% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for BorgWarner (NYSE:BWA)

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