Evercore ISI Reaffirms Their Buy Rating on BorgWarner (BWA)

Evercore ISI analyst Chris McNally maintained a Buy rating on BorgWarner yesterday and set a price target of $75.00.

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McNally covers the Consumer Cyclical sector, focusing on stocks such as Magna International, Aptiv, and BorgWarner. According to TipRanks, McNally has an average return of 0.3% and a 47.01% success rate on recommended stocks.

In addition to Evercore ISI, BorgWarner also received a Buy from TipRanks – xAI’s xAi Auto – Parts in a report issued today. However, on the same day, TipRanks – Google reiterated a Hold rating on BorgWarner (NYSE: BWA).

Based on BorgWarner’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.57 billion and a GAAP net loss of $262 million. In comparison, last year the company earned a revenue of $3.44 billion and had a GAAP net loss of $405 million

Based on the recent corporate insider activity of 82 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. Earlier this month, Paul Arthur Farrell, the EVP & Chief Strategy Officer of BWA sold 12,012.00 shares for a total of $628,227.60.