BorgWarner (NYSE:BWA) Price Target Lowered to $52.00 at Wells Fargo & Company

BorgWarner (NYSE:BWA) had its price objective reduced by analysts at Wells Fargo & Company from $54.00 to $52.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 23.18% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Evercore ISI upped their price objective on shares of BorgWarner from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. JPMorgan Chase & Co. boosted their price target on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Barclays increased their price objective on BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, October 10th. The Goldman Sachs Group raised their price objective on BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $49.00 target price (up previously from $42.00) on shares of BorgWarner in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.46.

BorgWarner Stock Up 0.8%

Shares of NYSE BWA traded up $0.32 during mid-day trading on Tuesday, reaching $42.22. The company had a trading volume of 1,186,888 shares, compared to its average volume of 2,695,595. BorgWarner has a twelve month low of $24.40 and a twelve month high of $46.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.69 and a current ratio of 2.05. The stock has a market capitalization of $9.03 billion, a PE ratio of 66.98, a price-to-earnings-growth ratio of 1.05 and a beta of 1.06. The stock’s 50 day moving average is $43.44 and its 200-day moving average is $39.83.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 30th. The auto parts company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. As a group, equities analysts anticipate that BorgWarner will post 4.28 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Stefan Demmerle sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total transaction of $682,800.00. Following the completion of the transaction, the vice president owned 209,040 shares of the company’s stock, valued at approximately $9,515,500.80. This represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isabelle Mckenzie sold 3,200 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total transaction of $141,536.00. Following the completion of the sale, the vice president owned 43,555 shares of the company’s stock, valued at approximately $1,926,437.65. The trade was a 6.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 23,200 shares of company stock worth $1,054,336. Insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BWA. Caitong International Asset Management Co. Ltd increased its holdings in BorgWarner by 1,133.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock valued at $26,000 after buying an additional 714 shares during the period. Assetmark Inc. boosted its position in shares of BorgWarner by 81.8% during the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 364 shares in the last quarter. Addison Advisors LLC increased its stake in BorgWarner by 1,647.8% in the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 758 shares during the period. Root Financial Partners LLC acquired a new position in BorgWarner in the third quarter worth about $27,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in BorgWarner in the second quarter worth about $32,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.