Wells Fargo & Company Boosts BorgWarner (NYSE:BWA) Price Target to $41.00

BorgWarner (NYSE:BWA) had its price objective increased by analysts at Wells Fargo & Company from $40.00 to $41.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 37.54% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group decreased their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. decreased their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Guggenheim reaffirmed a “buy” rating and set a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, BorgWarner has an average rating of “Moderate Buy” and an average target price of $40.47.

BorgWarner Price Performance

BWA stock opened at $29.81 on Friday. The stock’s 50 day moving average price is $32.50 and its 200 day moving average price is $33.30. The firm has a market cap of $6.52 billion, a P/E ratio of 7.56, a PEG ratio of 0.66 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner has a 1 year low of $29.51 and a 1 year high of $38.22.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. On average, sell-side analysts expect that BorgWarner will post 4.23 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Isabelle Mckenzie sold 5,700 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the transaction, the vice president now directly owns 37,640 shares in the company, valued at $1,303,096.80. The trade was a 13.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the sale, the vice president now owns 206,969 shares of the company’s stock, valued at $7,094,897.32. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock worth $7,678,076 in the last ninety days. Corporate insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group bought a new position in BorgWarner in the third quarter valued at about $32,000. True Wealth Design LLC bought a new stake in shares of BorgWarner during the third quarter worth approximately $38,000. Avior Wealth Management LLC lifted its holdings in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares during the period. Trust Co. of Vermont grew its stake in BorgWarner by 88.1% in the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 645 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of BorgWarner in the third quarter worth about $62,000. Institutional investors 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.