Barclays Remains a Buy on BorgWarner (BWA)
In a report released on February 20, Dan Levy from Barclays maintained a Buy rating on BorgWarner, with a price target of $70.00. The company’s shares closed last Friday at $58.92.
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According to TipRanks, Levy is a 3-star analyst with an average return of 1.3% and a 41.16% success rate. Levy covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Ford Motor, and Rivian Automotive.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BorgWarner with a $68.80 average price target, a 16.77% upside from current levels. In a report released yesterday, TipRanks – xAI also upgraded the stock to a Buy with a $65.00 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 73 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, Isabelle McKenzie, the VP of BWA sold 2,458.00 shares for a total of $151,240.74.
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