Wells Fargo & Company Has Lowered Expectations for BorgWarner (NYSE:BWA) Stock Price

BorgWarner (NYSE:BWA) had its price target reduced by equities researchers at Wells Fargo & Company from $42.00 to $40.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 17.65% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Wolfe Research assumed coverage on shares of BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Guggenheim reaffirmed a “buy” rating and set a $41.00 target price on shares of BorgWarner in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.07.

BorgWarner Price Performance

BorgWarner stock opened at $34.00 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The firm’s 50-day simple moving average is $34.38 and its 200 day simple moving average is $33.65. BorgWarner has a 52 week low of $29.51 and a 52 week high of $38.22. The firm has a market capitalization of $7.44 billion, a PE ratio of 8.63, a P/E/G ratio of 0.77 and a beta of 1.19.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. On average, equities research analysts predict that BorgWarner will post 4.22 EPS for the current fiscal year.

Insider Activity at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the sale, the chief executive officer now owns 259,957 shares of the company’s stock, valued at $8,997,111.77. This trade represents a 37.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the transaction, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 222,010 shares of company stock valued at $7,678,076. Company insiders own 0.45% of the company’s stock.

Institutional Trading of BorgWarner

A number of institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in BorgWarner by 21,752.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after purchasing an additional 4,625,685 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in BorgWarner by 361.1% in the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after buying an additional 1,919,219 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in BorgWarner by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock worth $278,190,000 after buying an additional 1,640,503 shares during the last quarter. Earnest Partners LLC lifted its stake in BorgWarner by 20.2% in the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after acquiring an additional 669,137 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of BorgWarner by 86.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock valued at $45,576,000 after purchasing an additional 652,097 shares during the last quarter. Institutional investors and hedge funds 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.