BorgWarner (NYSE:BWA) PT Lowered to $45.00

BorgWarner (NYSE:BWA) had its price target cut by stock analysts at Bank of America from $50.00 to $45.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. Bank of America‘s price objective points to a potential upside of 37.91% from the stock’s previous close.

A number of other equities analysts also recently commented on BWA. JPMorgan Chase & Co. reduced their target price on shares of BorgWarner from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Monday. Oppenheimer boosted their price target on BorgWarner from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Barclays boosted their price target on BorgWarner from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Citigroup dropped their price target on BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Finally, Wells Fargo & Company dropped their price target on BorgWarner from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.29.

BorgWarner Stock Up 0.0 %

BorgWarner stock traded up $0.01 during trading hours on Monday, reaching $32.63. The stock had a trading volume of 1,031,693 shares, compared to its average volume of 2,835,667. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.20. The business’s 50 day moving average price is $34.09 and its 200-day moving average price is $33.53. BorgWarner has a 52 week low of $29.51 and a 52 week high of $46.77.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. Sell-side analysts anticipate that BorgWarner will post 4.05 EPS for the current year.

BorgWarner declared that its Board of Directors has authorized a stock buyback program on Thursday, May 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the auto parts company to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky raised its stake in shares of BorgWarner by 19.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 568,303 shares of the auto parts company’s stock worth $20,373,000 after buying an additional 91,164 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in BorgWarner by 9.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock valued at $25,094,000 after purchasing an additional 59,925 shares during the last quarter. Sei Investments Co. raised its stake in BorgWarner by 13.2% in the 4th quarter. Sei Investments Co. now owns 1,850,749 shares of the auto parts company’s stock valued at $66,349,000 after purchasing an additional 216,373 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in BorgWarner by 84.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 260,556 shares of the auto parts company’s stock valued at $9,341,000 after purchasing an additional 119,170 shares during the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of BorgWarner in the 1st quarter worth $829,000. 95.67% of the stock is owned by institutional investors and hedge funds.

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.