Investment analysts at Oppenheimer began 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 indicate a potential upside of 18.76% from the stock’s current price.

Several other analysts have also recently weighed in on the company. BMO Capital Markets raised their price target on BorgWarner from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Citigroup raised their price objective on BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Barclays set a $50.00 price objective on BorgWarner and gave the company a “hold” rating in a report on Friday, October 20th. Buckingham Research raised their price objective on BorgWarner from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, UBS raised their price objective on BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $49.67.

Shares of BorgWarner (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 firm has a market capitalization of $11,465.40, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.58 and a beta of 1.76. The company has a quick ratio of 1.10, a current ratio of 1.43 and a debt-to-equity ratio of 0.53.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share 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 quarter last year, the firm posted $0.78 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. equities research analysts forecast that BorgWarner will post 3.82 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of BWA. Louisiana State Employees Retirement System grew its position in BorgWarner by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the auto parts company’s stock worth $525,000 after acquiring an additional 100 shares during the last quarter. Acadian Asset Management LLC bought a new position in BorgWarner during the 2nd quarter worth approximately $718,000. Janney Montgomery Scott LLC grew its position in BorgWarner by 57.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 32,369 shares of the auto parts company’s stock worth $1,371,000 after acquiring an additional 11,796 shares during the last quarter. CIBC Asset Management Inc grew its position in BorgWarner by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 19,211 shares of the auto parts company’s stock worth $814,000 after acquiring an additional 61 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in BorgWarner by 6.7% during the 2nd quarter. Bessemer Group Inc. now owns 10,066 shares of the auto parts company’s stock worth $427,000 after acquiring an additional 628 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

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About BorgWarner

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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