BorgWarner (NYSE:BWA) Price Target Raised to $39.00 at Deutsche Bank Aktiengesellschaft

BorgWarner (NYSE:BWA) had its price objective upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $38.00 to $39.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the auto parts company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 15.25% from the company’s previous close.

A number of other analysts have also recently commented on BWA. Wells Fargo & Company cut their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Robert W. Baird upped 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. Bank of America decreased their price objective 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. UBS Group increased their price objective on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Barclays increased their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.44.

BorgWarner Price Performance

Shares of NYSE BWA traded up $0.40 during midday trading on Monday, reaching $33.84. The company’s stock had a trading volume of 738,815 shares, compared to its average volume of 2,704,187. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.26 and a current ratio of 1.84. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The business’s 50 day moving average price is $34.06 and its two-hundred day moving average price is $33.89. The company has a market cap of $7.71 billion, a P/E ratio of 8.60, a P/E/G ratio of 0.73 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. On average, analysts forecast that BorgWarner will post 4.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Several institutional investors have recently bought and sold shares of BWA. Dimensional Fund Advisors LP lifted its holdings in BorgWarner by 23.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after buying an additional 1,640,503 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of BorgWarner by 20.2% in the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after purchasing an additional 669,137 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of BorgWarner by 361.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after purchasing an additional 1,919,219 shares during the period. Sei Investments Co. increased its holdings in BorgWarner by 17.1% in the 2nd quarter. Sei Investments Co. now owns 2,217,195 shares of the auto parts company’s stock worth $71,482,000 after acquiring an additional 324,087 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its holdings in shares of BorgWarner by 8.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 2,004,423 shares of the auto parts company’s stock worth $69,634,000 after buying an additional 159,271 shares in 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.