BorgWarner (NYSE:BWA) has been assigned a $47.00 target price by analysts at Cowen in a report released on Friday, TipRanks reports. The firm presently has a “buy” rating on the auto parts company’s stock. Cowen’s target price would indicate a potential upside of 12.76% from the company’s previous close.
BWA has been the topic of a number of other research reports. Credit Suisse Group initiated coverage on shares of Magna International in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $55.00 price target on the stock. Bank of America set a $64.00 target price on Verizon Communications and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Barclays set a €81.00 ($94.19) target price on Fresenius Medical Care AG & Co. KGaA and gave the stock a “buy” rating in a research report on Thursday, July 18th. ValuEngine raised Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 4th. Finally, Morgan Stanley set a $12.00 target price on Adient and gave the stock a “sell” rating in a research report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. BorgWarner presently has an average rating of “Buy” and a consensus price target of $47.92.
NYSE:BWA traded up $1.70 during trading hours on Friday, hitting $41.68. The company had a trading volume of 2,947,995 shares, compared to its average volume of 1,662,204. The firm has a market cap of $8.68 billion, a P/E ratio of 9.30, a PEG ratio of 1.25 and a beta of 1.82. The company’s 50-day simple moving average is $40.62. BorgWarner has a 52 week low of $32.46 and a 52 week high of $46.97. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.44.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bremer Bank National Association purchased a new stake in BorgWarner during the 1st quarter worth about $44,000. CWM LLC increased its position in BorgWarner by 137.9% during the first quarter. CWM LLC now owns 2,626 shares of the auto parts company’s stock worth $101,000 after buying an additional 1,522 shares in the last quarter. Quadrant Capital Group LLC increased its position in BorgWarner by 119.6% during the first quarter. Quadrant Capital Group LLC now owns 2,688 shares of the auto parts company’s stock worth $97,000 after buying an additional 1,464 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in BorgWarner during the first quarter worth $120,000. Finally, Starr International Co. Inc. purchased a new position in BorgWarner during the first quarter worth $144,000. 90.02% of the stock is owned by hedge funds and other institutional investors.
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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