In a report released today, Noah Kaye from Oppenheimer assigned a Buy rating to BorgWarner (BWA), with a price target of $44.00. The company’s shares closed last Wednesday at $34.33.
According to TipRanks.com, Kaye is a 4-star analyst with an average return of 6.3% and a 55.6% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation, Delphi Technologies, and Johnson Controls.
BorgWarner has an analyst consensus of Moderate Buy, with a price target consensus of $34.62, representing a 0.0% downside. In a report issued on May 28, Wolfe Research also upgraded the stock to Buy with a $49.00 price target.
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BorgWarner’s market cap is currently $7.12B and has a P/E ratio of 9.80. The company has a Price to Book ratio of 2.79.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BWA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
BorgWarner, Inc. engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Engine and Drivetrain. The Engine segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance. The Drivetrain segment focuses in the products that improve fuel economy, reduce emissions, and enhance performance in combustion, hybrid and electric vehicles. The company was founded in 1928 and is headquartered in Auburn Hills, MI.
