Oppenheimer assumed coverage on shares of BorgWarner (NYSE:BWA) in a report issued on Thursday. The brokerage set an “outperform” rating and a $63.00 price target on the auto parts company’s stock. Oppenheimer’s price target would suggest a potential upside of 18.76% from the company’s previous close.

Several other brokerages have also recently issued reports on BWA. Citigroup lifted their price target on BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. BMO Capital Markets lifted their price target on BorgWarner from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, October 30th. UBS lifted their price target on BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Buckingham Research lifted their price target on BorgWarner from $37.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Finally, Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $49.67.

Shares of BorgWarner (NYSE BWA) opened at $53.05 on Thursday. BorgWarner has a 1 year low of $37.54 and a 1 year high of $55.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. The company has a market capitalization of $11,465.40, a P/E ratio of 14.82, a P/E/G ratio of 1.58 and a beta of 1.76.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.88 by $0.07. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm earned $0.78 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. equities analysts anticipate that BorgWarner will post 3.82 earnings per share for the current year.

Several institutional investors have recently modified their holdings of BWA. Pacer Advisors Inc. boosted its position in shares of BorgWarner by 8.3% in the second quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock worth $188,000 after buying an additional 341 shares during the period. Zeke Capital Advisors LLC acquired a new stake in shares of BorgWarner in the third quarter worth $201,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of BorgWarner in the third quarter worth $202,000. Rothschild Investment Corp IL acquired a new stake in shares of BorgWarner in the third quarter worth $205,000. Finally, Obermeyer Wood Investment Counsel Lllp boosted its position in shares of BorgWarner by 2.5% in the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 4,921 shares of the auto parts company’s stock worth $208,000 after buying an additional 121 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

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BorgWarner Company Profile

BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.

Analyst Recommendations for BorgWarner (NYSE:BWA)

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