BorgWarner (NYSE:BWA) Price Target Lowered to $43.00 at Barclays

BorgWarner (NYSE:BWA) had its target price lowered by analysts at Barclays from $47.00 to $43.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s target price would suggest a potential upside of 36.21% from the company’s previous close.

Several other brokerages have also issued reports on BWA. The Goldman Sachs Group decreased their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Guggenheim reiterated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. Finally, Wells Fargo & Company reduced their price objective on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $40.47.

BorgWarner Stock Down 3.5 %

Shares of BWA stock traded down $1.15 on Wednesday, reaching $31.57. 521,983 shares of the company were exchanged, compared to its average volume of 2,108,151. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 0.64 and a beta of 1.20. The company has a 50-day moving average of $33.05 and a 200-day moving average of $33.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. BorgWarner has a one year low of $29.51 and a one year high of $38.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts anticipate that BorgWarner will post 4.22 earnings per share for the current year.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the sale, the executive vice president now owns 32,366 shares in the company, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 222,010 shares of company stock valued at $7,678,076 over the last three months. Corporate insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Large investors have recently made changes to their positions in the company. Matrix Trust Co purchased a new position in shares of BorgWarner during the 3rd quarter worth about $25,000. Brooklyn Investment Group purchased a new position in shares of BorgWarner during the 3rd quarter worth about $32,000. True Wealth Design LLC purchased a new position in shares of BorgWarner during the 3rd quarter worth about $38,000. Avior Wealth Management LLC boosted its stake 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 worth $46,000 after purchasing an additional 342 shares during the period. Finally, Trust Co. of Vermont boosted its position in BorgWarner by 88.1% in the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after buying an additional 645 shares during the period. 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.