Piper Sandler Lowers BorgWarner (NYSE:BWA) Price Target to $36.00

BorgWarner (NYSE:BWA) had its price objective cut by Piper Sandler from $43.00 to $36.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. Piper Sandler’s price target indicates a potential upside of 25.51% from the stock’s current price.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. The Goldman Sachs Group dropped their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. Morgan Stanley lowered their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target for the company in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.06.

BorgWarner Stock Performance

NYSE:BWA opened at $28.68 on Thursday. The business has a 50 day moving average price of $30.36 and a 200-day moving average price of $32.54. BorgWarner has a fifty-two week low of $27.65 and a fifty-two week high of $38.23. The firm has a market cap of $6.27 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities research analysts predict that BorgWarner will post 4.28 earnings per share for the current year.

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares of the company’s stock, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in BorgWarner in the third quarter worth about $32,000. LRI Investments LLC boosted its position in BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 909 shares during the last quarter. True Wealth Design LLC purchased a new position in BorgWarner in the third quarter worth about $38,000. Resona Asset Management Co. Ltd. purchased a new position in BorgWarner in the fourth quarter worth about $45,000. Finally, Avior Wealth Management LLC lifted its position in shares of BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

About BorgWarner

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.