BorgWarner (NYSE:BWA – Get Free Report) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $51.00 to $49.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 50.40% from the stock’s previous close.
Several other research analysts also recently issued reports on the company. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Wells Fargo & Company cut their price target on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group cut their target price 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. Finally, Barclays lowered their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and a consensus price target of $40.40.
View Our Latest Stock Analysis on BWA
BorgWarner Price Performance
BorgWarner (NYSE:BWA – Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue was down 4.8% on a year-over-year basis. Equities research analysts forecast that BorgWarner will post 4.23 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the transaction, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the transaction, the vice president now directly owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 222,010 shares of company stock worth $7,678,076. Company insiders own 0.45% of the company’s stock.
Institutional Trading of BorgWarner
A number of institutional investors have recently made changes to their positions in the business. Matrix Trust Co acquired a new stake in BorgWarner in the 3rd quarter valued at $25,000. Brooklyn Investment Group bought a new stake in BorgWarner during the third quarter worth about $32,000. True Wealth Design LLC acquired a new position in BorgWarner during the third quarter valued at approximately $38,000. Trust Co. of Vermont grew its stake in BorgWarner by 88.1% in the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 645 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.
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.
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