BorgWarner (NYSE:BWA) Price Target Cut to $31.00 by Analysts at The Goldman Sachs Group

BorgWarner (NYSE:BWA) had its price target lowered by investment analysts at The Goldman Sachs Group from $35.00 to $31.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. The Goldman Sachs Group’s target price indicates a potential downside of 2.76% from the stock’s current price.

Several other brokerages have also commented on BWA. Guggenheim restated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a report on Thursday, December 12th. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Wells Fargo & Company decreased their target price on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $40.73.

BorgWarner Trading Down 1.3 %

Shares of NYSE:BWA traded down $0.42 on Thursday, reaching $31.88. 472,218 shares of the company traded hands, compared to its average volume of 2,007,641. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The business’s 50-day simple moving average is $33.24 and its 200 day simple moving average is $33.36. The stock has a market capitalization of $6.97 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 0.62 and a beta of 1.20. BorgWarner has a 52 week low of $29.51 and a 52 week high of $38.22.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. BorgWarner’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. As a group, equities analysts anticipate that BorgWarner will post 4.22 EPS for the current fiscal year.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the business’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 completion of the sale, the vice president now directly owns 37,640 shares of the company’s stock, valued at $1,303,096.80. The trade was a 13.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul Arthur Farrell sold 20,266 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the completion of the sale, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This trade represents a 38.51 % decrease in their ownership of the stock. 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 90 days. 0.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BorgWarner

Several hedge funds have recently modified their holdings of the business. Matrix Trust Co acquired a new position in BorgWarner during the 3rd quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new stake in BorgWarner during the third quarter valued at $32,000. True Wealth Design LLC acquired a new stake in BorgWarner during the third quarter valued at $38,000. Trust Co. of Vermont grew its position in BorgWarner by 88.1% during 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 period. Finally, Wilmington Savings Fund Society FSB purchased a new position in BorgWarner during the third quarter valued at $62,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.