JPMorgan Chase & Co. Lowers BorgWarner (NYSE:BWA) Price Target to $49.00

BorgWarner (NYSE:BWA) had its price target cut by JPMorgan Chase & Co. from $51.00 to $49.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 48.90% from the stock’s current price.

A number of other analysts have also recently commented on BWA. Deutsche Bank Aktiengesellschaft upped their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company dropped their price objective on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. The Goldman Sachs Group decreased their price target 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. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Finally, Barclays decreased their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.40.

BorgWarner Stock Up 0.8 %

BWA traded up $0.26 during trading on Monday, hitting $32.91. 2,487,645 shares of the company’s stock traded hands, compared to its average volume of 2,372,221. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 0.63 and a beta of 1.20. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner has a 12-month low of $29.51 and a 12-month high of $38.22. The company’s 50 day simple moving average is $32.91 and its two-hundred day simple moving average is $33.40.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.50 billion. During the same quarter last year, the firm posted $0.98 EPS. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. Analysts predict 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 company’s stock in a transaction on 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 sale, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. This represents a 9.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now directly owns 37,640 shares in the company, valued at approximately $1,303,096.80. The trade was a 13.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 222,010 shares of company stock worth $7,678,076 in the last three months. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Institutional investors have recently bought and sold shares of the company. Matrix Trust Co purchased a new position in BorgWarner in the 3rd quarter worth $25,000. Brooklyn Investment Group acquired a new position in shares of BorgWarner in the third quarter valued at about $32,000. True Wealth Design LLC purchased a new position in shares of BorgWarner in the third quarter worth about $38,000. Avior Wealth Management LLC lifted its holdings in shares of BorgWarner by 31.3% during the fourth 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 period. Finally, Trust Co. of Vermont boosted its position 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 buying an additional 645 shares during the last quarter. 95.67% of the stock is currently 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.