Wells Fargo & Company Lowers BorgWarner (NYSE:BWA) Price Target to $68.00

BorgWarner (NYSE:BWA) had its price objective reduced by equities research analysts at Wells Fargo & Company to $68.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 24.49% from the stock’s previous close.

A number of other equities research analysts have also commented on BWA. Barclays increased their price target on BorgWarner from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Robert W. Baird set a $76.00 target price on shares of BorgWarner in a research note on Thursday, February 12th. Evercore reiterated an “outperform” rating and issued a $75.00 target price on shares of BorgWarner in a report on Tuesday, February 17th. Wolfe Research raised shares of BorgWarner from a “peer perform” rating to an “outperform” rating and set a $68.00 price target on the stock in a research report on Wednesday, March 25th. Finally, TD Cowen restated a “hold” rating on shares of BorgWarner in a report on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.23.

BorgWarner Price Performance

BWA stock opened at $54.62 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.70 and a current ratio of 2.07. The business has a 50-day simple moving average of $54.25 and a two-hundred day simple moving average of $47.85. The company has a market capitalization of $11.26 billion, a P/E ratio of 43.70, a price-to-earnings-growth ratio of 1.11 and a beta of 1.04. BorgWarner has a 52-week low of $24.40 and a 52-week high of $70.08.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, February 11th. The auto parts company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.16 by $0.19. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.49 billion. BorgWarner had a return on equity of 17.89% and a net margin of 1.93%.The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Research analysts expect that BorgWarner will post 4.28 EPS for the current fiscal year.

Insider Activity

In related news, VP Isabelle Mckenzie sold 2,458 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $61.54, for a total transaction of $151,265.32. Following the completion of the transaction, the vice president owned 66,351 shares in the company, valued at approximately $4,083,240.54. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Arthur Farrell sold 12,012 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $52.31, for a total transaction of $628,347.72. Following the sale, the executive vice president owned 38,238 shares of the company’s stock, valued at $2,000,229.78. This trade represents a 23.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 78,083 shares of company stock worth $4,638,585. 0.45% of the stock is owned by insiders.

Institutional Investors Weigh In On BorgWarner

Several large investors have recently modified their holdings of BWA. Root Financial Partners LLC bought a new stake in shares of BorgWarner in the 3rd quarter worth approximately $27,000. Prosperity Bancshares Inc bought a new position in BorgWarner during the fourth quarter valued at $37,000. Sound Income Strategies LLC increased its position in BorgWarner by 9,888.9% in the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after buying an additional 890 shares during the last quarter. Mather Group LLC. purchased a new stake in BorgWarner in the third quarter worth $41,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of BorgWarner in the second quarter valued at $32,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.