Analysts Set BorgWarner Inc. (NYSE:BWA) Target Price at $41.19

Shares of BorgWarner Inc. (NYSE:BWA) have earned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $41.29.

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Barclays boosted their target price on shares of BorgWarner from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Wells Fargo & Company lowered their target price on shares of BorgWarner from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. TD Cowen boosted their target price on shares of BorgWarner from $36.00 to $40.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Citigroup lowered their target price on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, July 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trillium Asset Management LLC grew its position in BorgWarner by 2.1% in the first quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock worth $479,000 after acquiring an additional 283 shares in the last quarter. Empirical Finance LLC grew its position in BorgWarner by 3.5% in the first quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock worth $294,000 after acquiring an additional 285 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in BorgWarner by 1.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock valued at $667,000 after buying an additional 335 shares during the period. First Pacific Financial boosted its position in BorgWarner by 3.6% during the second quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock valued at $315,000 after buying an additional 340 shares during the period. Finally, Verdence Capital Advisors LLC boosted its position in BorgWarner by 3.8% during the first quarter. Verdence Capital Advisors LLC now owns 9,459 shares of the auto parts company’s stock valued at $329,000 after buying an additional 343 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Trading Up 2.0 %

NYSE:BWA opened at $32.81 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $7.48 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.76 and a beta of 1.22. The firm’s 50 day moving average is $33.59 and its 200 day moving average is $33.46. BorgWarner has a 12 month low of $29.51 and a 12 month high of $46.77.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. BorgWarner’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. Sell-side analysts expect that BorgWarner will post 4.01 earnings per share for the current year.

BorgWarner declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 2nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to purchase up to 6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be given a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.44 annualized dividend and a yield of 1.34%. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

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.