BorgWarner (NYSE:BWA) Stock Rating Upgraded by Evercore ISI

BorgWarner (NYSE:BWA) was upgraded by investment analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research note issued to investors on Monday, Benzinga reports. The firm currently has a $43.00 target price on the auto parts company’s stock, up from their previous target price of $39.00. Evercore ISI’s price target would indicate a potential upside of 21.92% from the stock’s current price.

Several other research analysts have also recently weighed in on BWA. Barclays lifted their price target on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. UBS Group raised their price target on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Wells Fargo & Company lowered their target price on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their price target on BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.31.

BorgWarner Stock Performance

BWA opened at $35.27 on Monday. The firm has a 50 day moving average of $33.47 and a two-hundred day moving average of $33.88. The firm has a market capitalization of $8.04 billion, a PE ratio of 13.36, a P/E/G ratio of 0.81 and a beta of 1.20. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. BorgWarner has a 12-month low of $29.51 and a 12-month high of $39.97.

BorgWarner (NYSE:BWA) last posted its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.35 earnings per share. On average, analysts anticipate that BorgWarner will post 4.1 EPS for the current year.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the transaction, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction on Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the transaction, the chief accounting officer now owns 206,083 shares in the company, valued at $6,541,074.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the sale, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at $1,472,512. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

A number of hedge funds and other institutional investors have recently made changes to their positions in BWA. CHICAGO TRUST Co NA grew its position in BorgWarner by 3.6% in the third quarter. CHICAGO TRUST Co NA now owns 46,603 shares of the auto parts company’s stock worth $1,691,000 after acquiring an additional 1,632 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of BorgWarner by 76.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 37,794 shares of the auto parts company’s stock worth $1,372,000 after purchasing an additional 16,368 shares during the period. Gateway Investment Advisers LLC purchased a new position in shares of BorgWarner during the 3rd quarter worth $261,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in BorgWarner by 9.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 94,100 shares of the auto parts company’s stock valued at $3,415,000 after buying an additional 8,200 shares during the period. Finally, Steigerwald Gordon & Koch Inc. raised its holdings in BorgWarner by 3.8% in the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 179,583 shares of the auto parts company’s stock valued at $6,517,000 after buying an additional 6,544 shares during the period. 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.