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

BorgWarner (NYSE:BWA) had its price target increased by equities researchers 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 objective indicates a potential upside of 10.19% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. BNP Paribas cut BorgWarner from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. The Goldman Sachs Group lowered their target price 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. Piper Sandler assumed coverage on shares of BorgWarner in a research note on Friday, March 15th. They set an “overweight” rating and a $43.00 price target on the stock. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Finally, Barclays boosted their target price on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.05.

BorgWarner Trading Up 1.9 %

BWA stock traded up $0.67 during midday trading on Friday, hitting $36.30. 367,104 shares of the company’s stock were exchanged, compared to its average volume of 2,844,615. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $8.34 billion, a PE ratio of 13.52, a P/E/G ratio of 0.98 and a beta of 1.30. The business has a 50-day simple moving average of $32.98 and a two-hundred day simple moving average of $33.79. BorgWarner has a 1-year low of $29.51 and a 1-year high of $50.04.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.16. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.51 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. On average, sell-side analysts predict that BorgWarner will post 3.9 EPS for the current fiscal year.

Insider Activity

In related news, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the transaction, the chief executive officer now directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the transaction, the chief executive officer now directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 287,503 shares of company stock worth $9,015,478. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in BorgWarner by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock worth $973,239,000 after acquiring an additional 331,401 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of BorgWarner by 10.9% in the fourth quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock valued at $346,614,000 after buying an additional 948,659 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of BorgWarner by 3.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock valued at $220,561,000 after buying an additional 166,007 shares during the period. Boston Partners lifted its holdings in shares of BorgWarner by 58.9% in the third quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock valued at $211,762,000 after buying an additional 1,951,783 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of BorgWarner by 30.4% in the third quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock valued at $177,591,000 after buying an additional 1,024,361 shares during the period. 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.