BorgWarner (NYSE:BWA) Price Target Raised to $45.00

BorgWarner (NYSE:BWA) had its target price lifted by equities research analysts at Wells Fargo & Company from $43.00 to $45.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 23.49% from the stock’s previous close.

BWA has been the topic of several other reports. Oppenheimer lifted their target price on BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday. StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Piper Sandler initiated coverage on shares of BorgWarner in a research note on Friday, March 15th. They set an “overweight” rating and a $43.00 target price on the stock. TD Cowen upped their price target on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Robert W. Baird raised their price objective on shares of BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.93.

BorgWarner Stock Performance

Shares of NYSE BWA traded up $0.81 during midday trading on Friday, hitting $36.44. 4,825,565 shares of the company’s stock traded hands, compared to its average volume of 2,527,433. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.30 and a current ratio of 1.54. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.09 and a beta of 1.30. The firm has a fifty day moving average of $33.10 and a 200 day moving average of $33.72. BorgWarner has a 1 year low of $29.51 and a 1 year high of $50.04.

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

Insider Transactions at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total transaction of $99,000.00. Following the sale, the vice president now directly owns 249,013 shares in the company, valued at $8,217,429. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the transaction, the vice president now directly owns 249,013 shares of the company’s stock, valued at $8,217,429. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction 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 directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock worth $9,015,478 in the last three months. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Mediolanum International Funds Ltd bought a new stake in shares of BorgWarner during the first quarter worth $833,000. Boomfish Wealth Group LLC lifted its holdings in BorgWarner by 3.6% during the 1st quarter. Boomfish Wealth Group LLC now owns 34,126 shares of the auto parts company’s stock valued at $1,186,000 after buying an additional 1,186 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in BorgWarner during the 1st quarter valued at about $280,000. Whittier Trust Co. of Nevada Inc. boosted its position in BorgWarner by 12,144.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock valued at $38,000 after buying an additional 1,093 shares during the period. Finally, FORA Capital LLC grew its stake in BorgWarner by 26.6% in the 1st quarter. FORA Capital LLC now owns 56,376 shares of the auto parts company’s stock worth $1,959,000 after acquiring an additional 11,847 shares in the last quarter. 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.