BorgWarner (NYSE:BWA) Upgraded to “Outperform” by Evercore ISI

BorgWarner (NYSE:BWA) was upgraded by stock analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a report released on Monday, Marketbeat.com reports. The firm presently has a $43.00 price objective on the auto parts company’s stock, up from their prior price objective of $39.00. Evercore ISI’s price target suggests a potential upside of 22.86% from the company’s current price.

A number of other research analysts also recently commented on the company. Barclays increased their target price on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. lifted their price target on BorgWarner from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $36.00 price objective on shares of BorgWarner in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company lowered their price objective on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.31.

BorgWarner Stock Performance

BWA opened at $35.00 on Monday. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.81 and a beta of 1.20. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $39.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. The company has a fifty day moving average of $33.60 and a 200 day moving average of $33.89.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.69 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The business’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 earnings per share. As a group, sell-side analysts forecast that BorgWarner will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Tonit M. Calaway sold 10,868 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the transaction, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at $6,541,074.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the sale, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

Institutional Trading of BorgWarner

A number of institutional investors have recently bought and sold shares of BWA. Matrix Trust Co acquired a new stake in shares of BorgWarner during the third quarter worth $25,000. Riverview Trust Co purchased a new stake in BorgWarner during the 1st quarter valued at about $30,000. LRI Investments LLC increased its holdings in shares of BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares during the period. Sentry Investment Management LLC purchased a new position in shares of BorgWarner in the second quarter worth about $32,000. Finally, Olistico Wealth LLC acquired a new stake in shares of BorgWarner during the second quarter worth about $35,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.