Goldman Sachs Reaffirms Their Buy Rating on BorgWarner (BWA)

In a report released yesterday, Mark Delaney from Goldman Sachs maintained a Buy rating on BorgWarner, with a price target of $78.00. The company’s shares closed yesterday at $53.56.

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Delaney covers the Consumer Cyclical sector, focusing on stocks such as General Motors, Tesla, and Ford Motor. According to TipRanks, Delaney has an average return of 22.7% and a 64.09% success rate on recommended stocks.

BorgWarner has an analyst consensus of Moderate Buy, with a price target consensus of $69.00, representing a 28.83% upside. In a report released on March 31, Wells Fargo also assigned a Buy rating to the stock with a $68.00 price target.

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. Last month, Paul Arthur Farrell, the EVP & Chief Strategy Officer of BWA sold 12,012.00 shares for a total of $628,227.60.