BorgWarner (NYSE:BWA) Price Target Cut to $50.00

BorgWarner (NYSE:BWA) had its target price lowered by analysts at JPMorgan Chase & Co. from $51.00 to $50.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 46.09% from the company’s current price.

A number of other analysts have also recently commented on the company. Wolfe Research assumed coverage on BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $36.00 price objective on shares of BorgWarner in a research report on Tuesday, September 10th. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Bank of America reduced their price target on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Finally, StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.25.

BorgWarner Price Performance

Shares of NYSE BWA opened at $34.23 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.81 and a beta of 1.20. The firm’s 50 day simple moving average is $33.90 and its 200-day simple moving average is $33.89. BorgWarner has a 12 month low of $29.51 and a 12 month high of $39.10.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company earned $1.35 earnings per share. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis. Analysts expect that BorgWarner will post 4.1 EPS for the current year.

Insider Activity at BorgWarner

In other news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the sale, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the transaction, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at $6,541,074.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Trillium Asset Management LLC increased its position in shares of BorgWarner by 2.1% in the 1st quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock valued at $479,000 after purchasing an additional 283 shares during the last quarter. Empirical Finance LLC increased its holdings in BorgWarner by 3.5% in the first quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock valued at $294,000 after buying an additional 285 shares during the last quarter. Spectrum Asset Management Inc. NB CA raised its stake in BorgWarner by 0.5% in the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock valued at $2,158,000 after buying an additional 316 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in BorgWarner by 1.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock valued at $667,000 after buying an additional 335 shares in the last quarter. Finally, First Pacific Financial lifted its holdings in BorgWarner by 3.6% during the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock worth $315,000 after buying an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.