BorgWarner Inc. (NYSE:BWA) Receives $40.40 Consensus Price Target from Brokerages

BorgWarner Inc. (NYSE:BWA) has received an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $40.47.

A number of research firms have recently weighed in on BWA. Deutsche Bank Aktiengesellschaft raised their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Barclays dropped their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Finally, Wells Fargo & Company increased their target price on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday.

BorgWarner Stock Down 0.8 %

Shares of BWA opened at $30.00 on Friday. The firm has a 50 day simple moving average of $32.42 and a two-hundred day simple moving average of $33.29. The company has a market cap of $6.56 billion, a P/E ratio of 20.98, a P/E/G ratio of 0.63 and a beta of 1.18. BorgWarner has a one year low of $29.33 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Research analysts forecast that BorgWarner will post 4.54 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.47%. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This represents a 8.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Matrix Trust Co purchased a new stake in shares of BorgWarner in the third quarter valued at about $25,000. Brooklyn Investment Group bought a new stake in BorgWarner during the third quarter worth $32,000. True Wealth Design LLC purchased a new position in BorgWarner in the third quarter worth $38,000. Avior Wealth Management LLC grew its stake in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the period. Finally, Trust Co. of Vermont raised its stake in shares of BorgWarner by 88.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 645 shares during the period. Institutional investors 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.