Credit Suisse Group Increases BorgWarner (NYSE:BWA) Price Target to $43.00

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BorgWarner (NYSE:BWA) had its price objective raised by Credit Suisse Group from $42.00 to $43.00 in a report released on Friday, November 1st, Stock Target Advisor reports. Credit Suisse Group currently has an outperform rating on the auto parts company’s stock.

Several other research analysts also recently issued reports on BWA. UBS Group lowered their price objective on shares of BorgWarner from $49.00 to $46.00 and set a buy rating on the stock in a research report on Thursday, September 12th. Barclays reaffirmed a buy rating and issued a $44.00 target price on shares of BorgWarner in a report on Thursday, July 18th. Cowen set a $47.00 target price on shares of BorgWarner and gave the company a buy rating in a report on Friday, July 19th. Zacks Investment Research downgraded shares of BorgWarner from a hold rating to a sell rating and set a $39.00 target price on the stock. in a report on Friday, September 27th. Finally, Robert W. Baird set a $51.00 price objective on shares of BorgWarner and gave the stock a buy rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. BorgWarner currently has an average rating of Hold and a consensus price target of $45.33.

Shares of BWA traded up $0.34 during midday trading on Friday, reaching $46.31. The stock had a trading volume of 1,030,509 shares, compared to its average volume of 1,679,818. The company’s fifty day simple moving average is $38.56 and its two-hundred day simple moving average is $38.07. BorgWarner has a 1-year low of $30.71 and a 1-year high of $46.33. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.58 and a quick ratio of 1.26. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.48 and a beta of 1.85.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.11. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the business earned $1.00 EPS. BorgWarner’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts forecast that BorgWarner will post 3.92 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in BWA. Steward Partners Investment Advisory LLC acquired a new position in shares of BorgWarner in the second quarter valued at approximately $25,000. Westside Investment Management Inc. purchased a new stake in BorgWarner in the second quarter valued at approximately $27,000. Sandy Spring Bank purchased a new stake in BorgWarner in the second quarter valued at approximately $27,000. Usca Ria LLC purchased a new stake in BorgWarner in the third quarter valued at approximately $31,000. Finally, CSat Investment Advisory L.P. grew its holdings in BorgWarner by 60.1% in the second quarter. CSat Investment Advisory L.P. now owns 1,531 shares of the auto parts company’s stock valued at $64,000 after purchasing an additional 575 shares during the period. Institutional investors own 90.68% of the company’s stock.

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.

Read More: What Does a Sell-Side Analyst Rating Mean?

Analyst Recommendations for BorgWarner (NYSE:BWA)

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