BorgWarner Gets a Buy Rating from KeyBanc

By Carrie Williams

KeyBanc analyst Brett Hoselton maintained a Buy rating on BorgWarner (NYSE: BWA) today and set a price target of $56. The company’s shares closed yesterday at $50.92, close to its 52-week high of $52.71.

According to, Hoselton is a 5-star analyst with an average return of 20.2% and a 74.8% success rate. Hoselton covers the Industrial Goods sector, focusing on stocks such as Superior Industries International, Metaldyne Performance Group, and Cooper-Standard Holdings.

Currently, the analyst consensus on BorgWarner is Moderate Buy and the average price target is $53.33, representing a 4.7% upside.

In a report issued on September 28, Jefferies also reiterated a Buy rating on the stock with a $59 price target.

Based on BorgWarner’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.39 billion and quarterly net profit of $212 million. In comparison, last year the company earned revenue of $2.21 billion and had a net profit of $83.3 million.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.

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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.