Evercore ISI Cuts BorgWarner (NYSE:BWA) Price Target to $40.00

BorgWarner (NYSE:BWA) had its target price cut by equities research analysts at Evercore ISI from $43.00 to $40.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the auto parts company’s stock. Evercore ISI’s price target points to a potential upside of 35.58% from the stock’s current price.

Several other analysts also recently issued reports on the company. Guggenheim reissued a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Barclays decreased their target price on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company upped their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted 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 investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.27.

BorgWarner Trading Down 1.7 %

BWA stock traded down $0.52 during midday trading on Monday, hitting $29.50. 642,409 shares of the company’s stock were exchanged, compared to its average volume of 2,498,253. BorgWarner has a one year low of $29.33 and a one year high of $38.22. The stock’s fifty day moving average price is $32.42 and its 200-day moving average price is $33.29. The company has a market cap of $6.45 billion, a PE ratio of 20.66, 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 quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Research analysts predict that BorgWarner will post 4.54 earnings per share for the current fiscal year.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 21,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BorgWarner

A number of hedge funds have recently added to or reduced their stakes in BWA. Skandinaviska Enskilda Banken AB publ lifted its position in shares of BorgWarner by 33,770.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 51,483 shares of the auto parts company’s stock valued at $1,629,000 after purchasing an additional 51,331 shares in the last quarter. Swiss National Bank boosted its stake in shares of BorgWarner by 0.7% in the 4th quarter. Swiss National Bank now owns 447,984 shares of the auto parts company’s stock worth $14,241,000 after buying an additional 3,200 shares during the last quarter. Inspire Advisors LLC grew its holdings in shares of BorgWarner by 44.5% in the fourth quarter. Inspire Advisors LLC now owns 15,434 shares of the auto parts company’s stock valued at $491,000 after acquiring an additional 4,751 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of BorgWarner by 11.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 11,745 shares of the auto parts company’s stock valued at $373,000 after acquiring an additional 1,239 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its position in BorgWarner by 5.5% in the fourth quarter. Moran Wealth Management LLC now owns 17,869 shares of the auto parts company’s stock worth $568,000 after purchasing an additional 932 shares during the last quarter. Institutional investors and hedge funds 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.