Barclays Has Lowered Expectations for BorgWarner (NYSE:BWA) Stock Price

BorgWarner (NYSE:BWA) had its target price lowered by stock analysts at Barclays from $43.00 to $42.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price target indicates a potential upside of 45.38% from the company’s current price.

BWA has been the subject of several other research reports. Guggenheim restated a “buy” rating and set a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Evercore ISI decreased their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and an average price target of $40.20.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $28.89 on Tuesday. The firm has a market capitalization of $6.32 billion, a PE ratio of 20.20, a PEG ratio of 0.63 and a beta of 1.18. The company has a current ratio of 1.79, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner has a 1-year low of $28.65 and a 1-year high of $38.22. The business’s 50 day moving average is $32.11 and its 200-day moving average is $33.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Sell-side analysts predict that BorgWarner will post 4.54 earnings per share for the current year.

Insider Transactions at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BorgWarner

Several hedge funds have recently bought and sold shares of the company. CWM LLC raised its position in shares of BorgWarner by 153.3% during the third quarter. CWM LLC now owns 30,680 shares of the auto parts company’s stock worth $1,113,000 after purchasing an additional 18,570 shares during the period. Exchange Traded Concepts LLC raised its holdings in BorgWarner by 76.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 37,794 shares of the auto parts company’s stock worth $1,372,000 after buying an additional 16,368 shares during the period. Swedbank AB lifted its stake in BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after buying an additional 593,265 shares in the last quarter. Kopion Asset Management LLC boosted its holdings in shares of BorgWarner by 2.9% in the third quarter. Kopion Asset Management LLC now owns 368,770 shares of the auto parts company’s stock valued at $13,383,000 after buying an additional 10,509 shares during the period. Finally, Twelve Points Wealth Management LLC increased its position in shares of BorgWarner by 16.6% during the third quarter. Twelve Points Wealth Management LLC now owns 44,058 shares of the auto parts company’s stock worth $1,599,000 after acquiring an additional 6,262 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.