BorgWarner (BWA) Receives a Buy from Wells Fargo
Wells Fargo analyst Colin Langan maintained a Buy rating on BorgWarner on February 20 and set a price target of $75.00. The company’s shares closed yesterday at $58.92.
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Langan covers the Consumer Cyclical sector, focusing on stocks such as Lear, BorgWarner, and Aptiv. According to TipRanks, Langan has an average return of -6.0% and a 47.25% success rate on recommended stocks.
Currently, the analyst consensus on BorgWarner is a Moderate Buy with an average price target of $68.80, representing a 16.77% upside. 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, Tonit Calaway, the EVP, CAO, Gen Counsel & Sec of BWA sold 9,725.00 shares for a total of $608,882.25.
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