Barclays Issues Pessimistic Forecast for BorgWarner (NYSE:BWA) Stock Price

BorgWarner (NYSE:BWA) had its target price decreased by equities researchers at Barclays from $43.00 to $42.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s target price points to a potential upside of 45.38% from the stock’s previous close.

BWA has been the topic of several other reports. JPMorgan Chase & Co. dropped their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. The Goldman Sachs Group lowered their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Evercore ISI decreased their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.20.

BorgWarner Trading Down 1.9 %

BorgWarner stock opened at $28.89 on Tuesday. BorgWarner has a 1 year low of $28.65 and a 1 year high of $38.22. The firm’s 50 day moving average price is $32.11 and its two-hundred day moving average price is $33.22. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. 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 (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that BorgWarner will post 4.54 EPS for the current fiscal year.

Insider Activity at BorgWarner

In other BorgWarner news, 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

Institutional Trading of BorgWarner

A number of institutional investors and hedge funds have recently modified their holdings of BWA. Geode Capital Management LLC lifted its position in shares of BorgWarner by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock worth $231,376,000 after purchasing an additional 217,050 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of BorgWarner by 6.8% during the fourth quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company’s stock worth $190,142,000 after buying an additional 381,504 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after buying an additional 4,625,685 shares during the last quarter. American Century Companies Inc. boosted its position in shares of BorgWarner by 20.5% in the fourth quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company’s stock valued at $116,230,000 after acquiring an additional 621,243 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of BorgWarner by 19.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after acquiring an additional 445,540 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.