BorgWarner Inc. (NYSE:BWA) Receives $41.07 Consensus Price Target from Analysts

Shares of BorgWarner Inc. (NYSE:BWA - Get Free Report) have been given a consensus rating of "Moderate Buy" by the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $41.07.

Several research firms recently issued reports on BWA. Deutsche Bank Aktiengesellschaft boosted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a report on Monday, November 4th. JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, October 21st. Evercore ISI raised shares of BorgWarner from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Guggenheim reiterated a "buy" rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group decreased their price objective on BorgWarner from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, October 1st.

BorgWarner Price Performance

BorgWarner stock opened at $30.91 on Monday. The company has a fifty day simple moving average of $33.37 and a 200-day simple moving average of $33.37. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 0.77 and a beta of 1.20. BorgWarner has a 52-week low of $29.51 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. BorgWarner's quarterly revenue was down 4.8% on a year-over-year basis. On average, equities analysts anticipate that BorgWarner will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Monday, December 2nd. BorgWarner's dividend payout ratio (DPR) is presently 11.17%.

Insider Activity at BorgWarner

In related news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction 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 approximately $7,094,897.32. This represents a 9.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the transaction, the chief executive officer now directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock valued at $7,678,076 over the last quarter. Insiders own 0.45% of the company's stock.

Institutional Investors Weigh In On BorgWarner

Several large investors have recently made changes to their positions in BWA. Matrix Trust Co acquired a new stake in shares of BorgWarner in the 3rd quarter valued at about $25,000. Sentry Investment Management LLC acquired a new stake in BorgWarner during the second quarter worth about $32,000. Brooklyn Investment Group bought a new position in BorgWarner in the third quarter worth about $32,000. True Wealth Design LLC acquired a new position in BorgWarner in the third quarter valued at approximately $38,000. Finally, Trust Co. of Vermont grew its holdings in shares of BorgWarner by 88.1% during the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company's stock valued at $50,000 after purchasing an additional 645 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

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.