In a report released today, Colin Langan from Wells Fargo maintained a Buy rating on BorgWarner (BWA – Research Report), with a price target of $43.00. The company’s shares closed yesterday at $32.11.
According to TipRanks, Langan is an analyst with an average return of -6.1% and a 46.77% success rate. Langan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Autoliv, and BorgWarner.
Currently, the analyst consensus on BorgWarner is a Moderate Buy with an average price target of $39.38, implying a 22.64% upside from current levels. In a report released on April 11, Barclays also maintained a Buy rating on the stock with a $44.00 price target.
BWA market cap is currently $7.42B and has a P/E ratio of 12.04.
Based on the recent corporate insider activity of 49 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 (BWA) Company Description:
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.
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