BorgWarner (BWA) Given a $48.00 Price Target at Morgan Stanley

BorgWarner (NYSE:BWA) received a $48.00 price objective from Morgan Stanley in a note issued to investors on Thursday, TipRanks reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. Morgan Stanley’s target price would indicate a potential upside of 32.38% from the company’s current price.

BWA has been the subject of several other reports. ValuEngine cut BorgWarner from a “sell” rating to a “strong sell” rating in a research note on Monday. Bank of America reaffirmed a “neutral” rating and set a $46.00 price target (up from $42.00) on shares of BorgWarner in a report on Tuesday, April 23rd. Robert W. Baird raised BorgWarner to a “top pick” rating in a report on Friday, February 15th. Zacks Investment Research downgraded BorgWarner from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Finally, TheStreet raised BorgWarner from a “c+” rating to a “b-” rating in a report on Thursday, January 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $48.75.

BWA traded down $0.39 on Thursday, hitting $36.26. 1,415,800 shares of the company were exchanged, compared to its average volume of 1,647,294. BorgWarner has a twelve month low of $32.46 and a twelve month high of $53.28. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 1.13 and a beta of 1.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.62 and a quick ratio of 1.27.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, April 25th. The auto parts company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.06. BorgWarner had a return on equity of 21.64% and a net margin of 8.39%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the firm posted $1.10 EPS. BorgWarner’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, research analysts anticipate that BorgWarner will post 4.23 earnings per share for the current year.

In other news, Director Thomas T. Stallkamp sold 3,124 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $42.00, for a total value of $131,208.00. Following the completion of the sale, the director now directly owns 4,033 shares of the company’s stock, valued at approximately $169,386. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joel Wiegert sold 6,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $38.74, for a total value of $232,440.00. Following the completion of the sale, the vice president now directly owns 27,420 shares of the company’s stock, valued at $1,062,250.80. The disclosure for this sale can be found here. Insiders have sold a total of 23,524 shares of company stock valued at $967,536 over the last ninety days. 0.75% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of BWA. Oregon Public Employees Retirement Fund lifted its holdings in shares of BorgWarner by 3,261.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,895,153 shares of the auto parts company’s stock valued at $112,000 after purchasing an additional 3,779,264 shares during the last quarter. Norges Bank purchased a new stake in shares of BorgWarner in the 4th quarter valued at about $74,908,000. JPMorgan Chase & Co. lifted its holdings in shares of BorgWarner by 33.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,635,725 shares of the auto parts company’s stock valued at $283,875,000 after purchasing an additional 1,661,618 shares during the last quarter. Harris Associates L P lifted its holdings in shares of BorgWarner by 29.8% in the 4th quarter. Harris Associates L P now owns 6,663,643 shares of the auto parts company’s stock valued at $231,495,000 after purchasing an additional 1,530,716 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of BorgWarner by 133.6% in the 4th quarter. FMR LLC now owns 2,625,297 shares of the auto parts company’s stock valued at $91,202,000 after purchasing an additional 1,501,562 shares during the last quarter. 91.50% of the stock is owned by institutional investors and hedge funds.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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