BorgWarner (NYSE:BWA) Given New $42.00 Price Target at Barclays

BorgWarner (NYSE:BWA) had its target price lowered by stock analysts at Barclays from $43.00 to $42.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price objective would suggest a potential upside of 42.65% from the stock’s previous close.

Several other equities analysts also recently issued reports on BWA. Wells Fargo & Company raised their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday. The Goldman Sachs Group cut their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price objective 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.20.

BorgWarner Trading Up 0.4 %

Shares of BWA stock opened at $29.44 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.79. BorgWarner has a fifty-two week low of $29.28 and a fifty-two week high of $38.22. The company has a market cap of $6.44 billion, a PE ratio of 20.57, a P/E/G ratio of 0.63 and a beta of 1.18. The stock’s fifty day moving average price is $32.32 and its two-hundred day moving average price is $33.27.

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

Insider Activity

In related news, VP Stefan Demmerle sold 21,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the sale, the vice president now directly owns 227,513 shares in the company, valued at approximately $7,915,177.27. The trade was a 8.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

A number of large investors have recently made changes to their positions in BWA. Platinum Investment Management Ltd. purchased a new stake in BorgWarner during the 4th quarter worth about $87,000. Xponance Inc. increased its position in shares of BorgWarner by 178.8% during the fourth quarter. Xponance Inc. now owns 70,249 shares of the auto parts company’s stock valued at $2,233,000 after buying an additional 45,049 shares during the period. Intech Investment Management LLC bought a new position in shares of BorgWarner in the fourth quarter valued at approximately $3,173,000. Generali Asset Management SPA SGR purchased a new position in BorgWarner during the fourth quarter valued at approximately $59,000. Finally, Signaturefd LLC increased its holdings in BorgWarner by 32.2% during the 4th quarter. Signaturefd LLC now owns 3,989 shares of the auto parts company’s stock worth $127,000 after acquiring an additional 972 shares during the period. 95.67% of the stock is owned by 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.