BorgWarner (NYSE:BWA) Given New $39.00 Price Target at Deutsche Bank Aktiengesellschaft

BorgWarner (NYSE:BWA) had its target price increased by Deutsche Bank Aktiengesellschaft from $38.00 to $39.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has a hold rating on the auto parts company’s stock.

Several other research analysts have also recently weighed in on BWA. Robert W. Baird upped their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Bank of America reduced their target price on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Wells Fargo & Company dropped their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Barclays upped their price objective on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, UBS Group lifted their target price on BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.44.

BorgWarner Price Performance

Shares of BWA stock opened at $33.44 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. BorgWarner has a 12-month low of $29.51 and a 12-month high of $38.22. The firm has a fifty day moving average of $34.05 and a 200-day moving average of $33.89. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 0.70 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities research analysts forecast that BorgWarner will post 4.23 earnings per share for the current year.

Insider Activity

In other news, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.63% of the company’s stock.

Institutional Trading of BorgWarner

Several institutional investors and hedge funds have recently bought and sold shares of BWA. Matrix Trust Co bought a new position in shares of BorgWarner during the 3rd quarter worth approximately $25,000. LRI Investments LLC boosted its position in BorgWarner by 2,685.3% during the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares during the period. Sentry Investment Management LLC acquired a new position in shares of BorgWarner in the second quarter valued at $32,000. Olistico Wealth LLC bought a new position in shares of BorgWarner in the second quarter valued at about $35,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of BorgWarner by 12,144.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock worth $38,000 after buying an additional 1,093 shares during the last quarter. 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.