In a report released today, Walter Spracklin from RBC Capital reiterated a Hold rating on BorgWarner (NYSE: BWA), with a price target of $42. The company’s shares opened today at $40.40.
According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 17.6% and a 76.1% success rate. Spracklin covers the Services sector, focusing on stocks such as Kansas City Southern, Magna International, and Union Pacific Corp.
Currently, the analyst consensus on BorgWarner is Moderate Buy and the average price target is $43.33, representing a 7.3% upside.
In a report issued on May 5, Barclays also maintained a Hold rating on the stock with a $40 price target.
The company has a one year high of $44.24 and a one year low of $27.52. Currently, BorgWarner has an average volume of 1.94M.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Ronald Hundzinski, the VP & CFO of BWA sold 3,776 shares for a total of $156,780.
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BorgWarner, Inc. operates as a clean and efficient technology company. It offers solutions for combustion, hybrid and electric vehicles. Its products improve vehicle performance, propulsion efficiency, stability and air quality. The company also manufactures and sells products to tier one vehicle systems suppliers. It operates through the following business segments: Engine and Drivetrain. The Engine segment develops and manufactures products to manage engines for fuel efficiency, reduced emissions, and enhanced performance. Its products include: turbochargers, timing systems, emissions systems, thermal systems, thermostats, diesel cold start and gasoline ignition technology. The Drivetrain segment develops and manufactures mechanical products for automatic transmissions and all-wheel drive vehicles and rotating electrical components for light and commercial vehicles. It improves fuel economy and vehicle performance. Its products include friction, mechanical and controls products for automatic transmissions and torque management products for all-wheel drive vehicles. BorgWarner was founded in 1928 and is headquartered in Auburn Hills, MI.