BorgWarner (NYSE:BWA) had its price objective hoisted by investment analysts at Wells Fargo & Co from $55.00 to $56.00 in a research note issued on Friday. The firm presently has a “market perform” rating on the auto parts company’s stock. Wells Fargo & Co’s target price would suggest a potential upside of 6.40% from the stock’s previous close.

A number of other research analysts also recently weighed in on BWA. ValuEngine raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. KeyCorp upped their price target on BorgWarner from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Royal Bank of Canada raised BorgWarner from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 9th. Barclays reaffirmed a “hold” rating and set a $58.00 price target on shares of BorgWarner in a research note on Sunday, January 21st. Finally, Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $52.59.

BorgWarner (BWA) traded down $0.86 during mid-day trading on Friday, reaching $52.63. The company had a trading volume of 1,187,459 shares, compared to its average volume of 1,565,604. BorgWarner has a fifty-two week low of $37.54 and a fifty-two week high of $58.22. The company has a current ratio of 1.46, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. The firm has a market cap of $11,110.00, a P/E ratio of 15.55, a P/E/G ratio of 1.42 and a beta of 1.81.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. BorgWarner had a return on equity of 21.92% and a net margin of 4.49%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. equities analysts predict that BorgWarner will post 4.27 EPS for the current year.

In other news, EVP John J. Gasparovic sold 38,409 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.60, for a total value of $2,020,313.40. Following the completion of the transaction, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at $3,363,086.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Joel Wiegert sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.35, for a total value of $73,290.00. Following the completion of the transaction, the vice president now directly owns 16,197 shares of the company’s stock, valued at $847,912.95. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Preferred LLC bought a new position in BorgWarner during the fourth quarter valued at $119,000. Cerebellum GP LLC bought a new position in BorgWarner during the fourth quarter valued at $119,000. Calton & Associates Inc. bought a new position in BorgWarner during the fourth quarter valued at $150,000. Zeke Capital Advisors LLC bought a new position in BorgWarner during the third quarter valued at $201,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in BorgWarner during the third quarter valued at $202,000. 96.25% of the stock is owned by institutional investors and hedge funds.

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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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