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

BorgWarner (NYSE:BWA) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $51.00 to $49.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 50.40% from the company’s previous close.

Several other research analysts have also recently weighed in on BWA. Wells Fargo & Company lowered their price target 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. Guggenheim reissued a “buy” rating and set a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upped their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Finally, Barclays decreased their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and an average price target of $40.40.

BorgWarner Price Performance

NYSE:BWA opened at $32.58 on Monday. BorgWarner has a 12-month low of $29.51 and a 12-month high of $38.22. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 0.63 and a beta of 1.20. The stock’s 50 day moving average price is $32.87 and its two-hundred day moving average price is $33.39. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

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 the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the firm posted $0.98 EPS. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts anticipate that BorgWarner will post 4.23 earnings per share for the current year.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the transaction, the vice president now directly owns 227,513 shares in the company, valued at approximately $7,915,177.27. This represents a 8.63 % 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, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the transaction, the executive vice president now owns 32,366 shares of the company’s stock, valued at $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock worth $7,678,076 over the last 90 days. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Matrix Trust Co bought a new stake in BorgWarner during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group acquired a new position in shares of BorgWarner during the third quarter worth $32,000. True Wealth Design LLC bought a new stake in shares of BorgWarner in the third quarter worth $38,000. Avior Wealth Management LLC increased its holdings in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the period. Finally, Trust Co. of Vermont raised its position in BorgWarner by 88.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 645 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.