BorgWarner (NYSE:BWA) Price Target Raised to $41.00

BorgWarner (NYSE:BWA - Get Free Report) had its price objective boosted by equities researchers at Wells Fargo & Company from $40.00 to $41.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the auto parts company's stock. Wells Fargo & Company's price target points to a potential upside of 38.68% from the stock's current price.

A number of other equities analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Evercore ISI raised BorgWarner from an "in-line" rating to an "outperform" rating and upped their target price for the company from $39.00 to $43.00 in a research report on Monday, October 14th. The Goldman Sachs Group lowered their target price on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. lowered 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. Finally, Guggenheim reaffirmed a "buy" rating and set a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, BorgWarner presently has a consensus rating of "Moderate Buy" and an average price target of $40.20.

BorgWarner Stock Performance

NYSE:BWA traded up $0.23 during mid-day trading on Friday, hitting $29.57. 1,242,291 shares of the company traded hands, compared to its average volume of 2,556,314. BorgWarner has a one year low of $29.23 and a one year high of $38.22. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. The stock's fifty day moving average price is $32.32 and its 200-day moving average price is $33.27. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Research analysts anticipate that BorgWarner will post 4.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Stefan Demmerle sold 20,544 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.45% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. acquired a new position in BorgWarner in the fourth quarter worth $571,000. KLP Kapitalforvaltning AS acquired a new stake in shares of BorgWarner in the fourth quarter valued at approximately $2,152,000. Sei Investments Co. raised its holdings in shares of BorgWarner by 12.9% during the fourth quarter. Sei Investments Co. now owns 2,471,252 shares of the auto parts company's stock valued at $78,561,000 after buying an additional 282,659 shares during the last quarter. American Century Companies Inc. boosted its position in shares of BorgWarner by 20.5% during the fourth quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company's stock worth $116,230,000 after buying an additional 621,243 shares during the period. Finally, Virtu Financial LLC acquired a new stake in BorgWarner in the 4th quarter valued at approximately $378,000. 95.67% of the stock is owned by institutional investors and hedge funds.

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.