BorgWarner (NYSE:BWA) PT Lowered to $50.00

BorgWarner (NYSE:BWA) had its price objective reduced by JPMorgan Chase & Co. from $51.00 to $50.00 in a report issued on Monday morning, Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Other equities analysts also recently issued research reports about the company. UBS Group lifted their price target on BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and upped their target price for the company from $39.00 to $43.00 in a report on Monday, October 14th. Wells Fargo & Company reduced their target price on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Robert W. Baird upped their target price on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Citigroup reduced their target price on BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.25.

BorgWarner Price Performance

BWA stock opened at $33.45 on Monday. The company has a market capitalization of $7.62 billion, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. BorgWarner has a 52-week low of $29.51 and a 52-week high of $39.10. The business has a 50-day simple moving average of $33.97 and a two-hundred day simple moving average of $33.89.

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

Insiders Place Their Bets

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction on Monday, August 5th. The stock was 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 in the company, valued at $6,541,074.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the sale, the executive vice president now owns 46,016 shares in the company, valued at approximately $1,472,512. This represents 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 Investors Weigh In On BorgWarner

Institutional investors and hedge funds have recently made changes to their positions in the business. Matrix Trust Co purchased a new stake in shares of BorgWarner in the third quarter worth $25,000. Riverview Trust Co purchased a new stake in shares of BorgWarner in the first quarter worth $30,000. LRI Investments LLC raised its position in shares of BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after buying an additional 913 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of BorgWarner in the second quarter worth $32,000. Finally, Olistico Wealth LLC purchased a new stake in shares of BorgWarner in the second quarter worth $35,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Company Profile

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.