BorgWarner (NYSE:BWA) Price Target Lowered to $46.00 at UBS Group

BorgWarner (NYSE:BWA) had its target price lowered by investment analysts at UBS Group from $49.00 to $46.00 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. UBS Group’s price target indicates a potential upside of 18.71% from the stock’s previous close.

Several other research analysts have also recently issued reports on BWA. Cowen set a $47.00 price objective on BorgWarner and gave the stock a “buy” rating in a research note on Friday, July 19th. Robert W. Baird set a $51.00 price objective on BorgWarner and gave the stock a “buy” rating in a research note on Friday, July 26th. Deutsche Bank cut BorgWarner from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $50.00 to $44.00 in a research note on Friday, July 26th. Citigroup dropped their price objective on BorgWarner from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada cut BorgWarner from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $44.00 to $41.00 in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $46.50.

Shares of BWA traded down $0.37 during mid-day trading on Thursday, reaching $38.75. 597,091 shares of the company’s stock traded hands, compared to its average volume of 1,703,659. The stock has a market cap of $8.06 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.22 and a beta of 1.87. The stock’s 50-day moving average is $34.44 and its two-hundred day moving average is $38.54. BorgWarner has a 12 month low of $30.71 and a 12 month high of $46.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 1.31.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, July 25th. The auto parts company reported $1.00 EPS for the quarter, meeting analysts’ consensus estimates of $1.00. BorgWarner had a return on equity of 20.13% and a net margin of 7.53%. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the firm posted $1.18 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Research analysts predict that BorgWarner will post 3.88 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in BWA. Vanguard Group Inc. lifted its holdings in shares of BorgWarner by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 22,246,568 shares of the auto parts company’s stock valued at $933,911,000 after purchasing an additional 62,875 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of BorgWarner by 0.5% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 9,987,152 shares of the auto parts company’s stock valued at $419,261,000 after purchasing an additional 45,220 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BorgWarner by 2.8% during the 1st quarter. JPMorgan Chase & Co. now owns 7,208,112 shares of the auto parts company’s stock valued at $276,862,000 after purchasing an additional 198,641 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of BorgWarner by 16.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,984,092 shares of the auto parts company’s stock valued at $251,212,000 after purchasing an additional 824,302 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of BorgWarner by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 3,190,378 shares of the auto parts company’s stock valued at $110,671,000 after purchasing an additional 219,190 shares during the last quarter. 91.49% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

Featured Article: What is the Dividend Aristocrat Index?

Analyst Recommendations for BorgWarner (NYSE:BWA)

Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply