BorgWarner (NYSE:BWA) Stock Price Expected to Rise, UBS Group Analyst Says

BorgWarner (NYSE:BWA) had its target price hoisted by stock analysts at UBS Group from $35.00 to $38.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. UBS Group’s price target would suggest a potential upside of 8.56% from the company’s previous close.

BWA has been the subject of a number of other research reports. The Goldman Sachs Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $34.00 in a research note on Thursday, April 10th. Barclays cut their target price on shares of BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Robert W. Baird boosted their target price on BorgWarner from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. Wall Street Zen raised BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Guggenheim dropped their price objective on shares of BorgWarner from $38.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.36.

BorgWarner Trading Down 1.9%

Shares of BWA opened at $35.01 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 1.97. BorgWarner has a 52-week low of $24.40 and a 52-week high of $37.29. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.57 and a beta of 1.09. The business’s fifty day moving average is $33.42 and its 200-day moving average is $30.85.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.13. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.39 billion. BorgWarner had a net margin of 2.06% and a return on equity of 16.13%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. Equities analysts anticipate that BorgWarner will post 4.28 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Isabelle Mckenzie sold 5,000 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the sale, the vice president owned 63,445 shares of the company’s stock, valued at $2,109,546.25. The trade was a 7.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tonit M. Calaway sold 27,736 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $32.83, for a total value of $910,572.88. Following the completion of the sale, the executive vice president owned 214,521 shares of the company’s stock, valued at approximately $7,042,724.43. The trade was a 11.45% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Institutional investors and hedge funds have recently bought and sold shares of the business. Global X Japan Co. Ltd. grew its stake in BorgWarner by 133.4% during the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 523 shares in the last quarter. LRI Investments LLC increased its holdings in shares of BorgWarner by 1,515.0% in the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after buying an additional 909 shares during the last quarter. Manchester Capital Management LLC purchased a new stake in shares of BorgWarner during the 1st quarter valued at about $30,000. Meeder Asset Management Inc. grew its position in BorgWarner by 63.5% in the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 539 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in BorgWarner during the fourth quarter valued at approximately $45,000. 95.67% of the stock is owned by institutional investors.

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.