BorgWarner (NYSE:BWA) Stock Gets Price Target Trim from Barclays

BorgWarner (NYSE:BWA) had its target price trimmed by Barclays from $85.00 to $80.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

BWA has been the topic of a number of other reports. JPMorgan Chase & Co. upped their price objective on BorgWarner from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, August 10th. UBS Group lowered their price objective on BorgWarner from $95.00 to $91.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Morgan Stanley cut their target price on BorgWarner from $95.00 to $89.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft set a $80.00 target price on BorgWarner in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada decreased their price target on BorgWarner from $87.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, October 30th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $79.00.

BorgWarner Price Performance

BorgWarner stock opened at $50.39 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $60.45 and a 200 day moving average price of $60.58. BorgWarner has a 12-month low of $40.73 and a 12-month high of $78.82. The stock has a market cap of $10.12 billion, a P/E ratio of 21.44, a PEG ratio of 0.76 and a beta of 1.20.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 29th. The auto parts company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. BorgWarner had a net margin of 3.36% and a return on equity of 19.61%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the business posted $1.24 EPS. BorgWarner’s revenue was down 2.9% on a year-over-year basis. Sell-side analysts anticipate that BorgWarner will post 5.27 earnings per share for the current year.

BorgWarner declared that its board has initiated a stock buyback program on Wednesday, August 5th that permits the company to buy back $1 billion in outstanding shares. This buyback authorization permits the auto parts company to buy up to 7.7% of its stock through open market purchases. Share buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at BorgWarner

In other BorgWarner news, Director Rajesh Kalathur purchased 7,407 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were bought at an average cost of $67.59 per share, for a total transaction of $500,639.13. Following the completion of the purchase, the director directly owned 7,407 shares of the company’s stock, valued at approximately $500,639.13. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amy B. Kulikowski sold 2,900 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $68.60, for a total transaction of $198,940.00. Following the sale, the chief accounting officer owned 9,725 shares in the company, valued at $667,135. This trade represents a 22.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clearstead Trust LLC purchased a new position in BorgWarner in the second quarter valued at approximately $28,000. Ceredex Value Advisors LLC acquired a new stake in BorgWarner during the second quarter worth approximately $40,000. William Mack & Associates Inc. purchased a new stake in shares of BorgWarner during the 3rd quarter worth approximately $46,000. Fiduciary Financial Advisors purchased a new stake in shares of BorgWarner during the 2nd quarter worth approximately $49,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of BorgWarner during the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc (NYSE:BWA) is a global automotive technology company that develops and manufactures propulsion and mobility systems for vehicle manufacturers and commercial vehicle customers. The company serves both internal-combustion and electrified vehicle markets, with a portfolio focused on improving vehicle efficiency, performance, emissions, and electrification.

Its products and technologies include turbochargers, emissions and thermal-management systems, transmission components, friction products, battery systems, battery charging equipment, power electronics, electric motors, and other electric-drive components.