Wells Fargo & Company Issues Pessimistic Forecast for BorgWarner (NYSE:BWA) Stock Price

BorgWarner (NYSE:BWA) had its price objective reduced by equities researchers at Wells Fargo & Company from $54.00 to $52.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 19.60% from the company’s current price.

Several other brokerages also recently weighed in on BWA. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a research report on Wednesday, October 8th. Morgan Stanley reissued an “equal weight” rating and issued a $49.00 target price (up previously from $42.00) on shares of BorgWarner in a report on Monday. Evercore ISI lifted their price target on shares of BorgWarner from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, November 24th. Bank of America downgraded shares of BorgWarner from a “buy” rating to a “neutral” rating and increased their price objective for the company from $41.00 to $46.00 in a research note on Wednesday, September 10th. Finally, The Goldman Sachs Group boosted their target price on shares of BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. One investment 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 company. According to MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and an average price target of $46.46.

BorgWarner Stock Performance

NYSE BWA opened at $43.48 on Tuesday. The firm’s 50 day simple moving average is $43.39 and its 200 day simple moving average is $39.92. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 69.02, a P/E/G ratio of 1.02 and a beta of 1.06. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.63. BorgWarner has a 1 year low of $24.40 and a 1 year high of $46.39.

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

Insiders Place Their Bets

In other news, VP Isabelle Mckenzie sold 3,200 shares of BorgWarner stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total transaction of $141,536.00. Following the transaction, the vice president owned 43,555 shares in the company, valued at approximately $1,926,437.65. The trade was a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stefan Demmerle sold 15,000 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total value of $682,800.00. Following the completion of the sale, the vice president owned 209,040 shares of the company’s stock, valued at $9,515,500.80. The trade was a 6.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 23,200 shares of company stock worth $1,054,336. 0.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On BorgWarner

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

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.