Robert W. Baird Issues Positive Forecast for BorgWarner (NYSE:BWA) Stock Price

BorgWarner (NYSE:BWA - Get Free Report) had its target price raised by Robert W. Baird from $29.00 to $32.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the auto parts company's stock. Robert W. Baird's target price points to a potential upside of 5.54% from the company's current price.

Several other analysts have also weighed in on BWA. StockNews.com raised BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Morgan Stanley lowered their price target on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Guggenheim decreased their target price on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target for the company in a research report on Tuesday, March 18th. Finally, The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.20.

BorgWarner Trading Up 4.6 %

Shares of NYSE:BWA opened at $30.32 on Thursday. BorgWarner has a 52-week low of $24.40 and a 52-week high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company has a market cap of $6.66 billion, a P/E ratio of 21.20, a P/E/G ratio of 0.77 and a beta of 1.08. The stock's 50-day moving average is $28.02 and its 200-day moving average is $30.98.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the business posted $1.03 EPS. The company's revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts predict that BorgWarner will post 4.28 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares of the company's stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,800 shares of company stock valued at $1,347,701. Insiders own 0.45% of the company's stock.

Institutional Trading of BorgWarner

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. increased its stake in shares of BorgWarner by 133.4% in the 1st 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 during the last quarter. LRI Investments LLC increased its position in shares of BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after purchasing an additional 909 shares during the last quarter. Meeder Asset Management Inc. lifted its stake 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 valued at $40,000 after acquiring an additional 539 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in BorgWarner during the fourth quarter worth about $45,000. Finally, Avior Wealth Management LLC raised its stake 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. 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.

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