BorgWarner (NYSE:BWA) PT Lowered to $36.00

BorgWarner (NYSE:BWA) had its price objective decreased by equities researchers at The Goldman Sachs Group from $38.00 to $36.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 1.64% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Wolfe Research began coverage on shares of BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Citigroup decreased their price target on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Barclays raised their price objective on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Bank of America decreased their target price on BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, BorgWarner has an average rating of “Moderate Buy” and an average target price of $41.20.

BorgWarner Price Performance

BorgWarner stock opened at $35.42 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. The company has a market cap of $8.07 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.94 and a beta of 1.20. BorgWarner has a 1 year low of $29.51 and a 1 year high of $40.76. The firm has a 50 day moving average price of $33.16 and a 200 day moving average price of $33.77.

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

Insider Activity

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

Hedge Funds Weigh In On BorgWarner

A number of large investors have recently bought and sold shares of the business. Bank of Nova Scotia lifted its holdings in shares of BorgWarner by 34.2% in the 4th quarter. Bank of Nova Scotia now owns 29,316 shares of the auto parts company’s stock worth $1,051,000 after purchasing an additional 7,474 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in BorgWarner by 48.6% in the fourth quarter. Eagle Asset Management Inc. now owns 57,960 shares of the auto parts company’s stock valued at $2,078,000 after buying an additional 18,958 shares during the last quarter. KBC Group NV boosted its holdings in shares of BorgWarner by 22.9% during the fourth quarter. KBC Group NV now owns 448,919 shares of the auto parts company’s stock valued at $16,094,000 after acquiring an additional 83,511 shares during the period. CWA Asset Management Group LLC bought a new position in shares of BorgWarner during the fourth quarter worth about $406,000. Finally, Royal London Asset Management Ltd. increased its holdings in shares of BorgWarner by 6.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 91,872 shares of the auto parts company’s stock worth $3,294,000 after acquiring an additional 5,502 shares during the period. 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.