BorgWarner (NYSE:BWA) Given New $40.00 Price Target at Wells Fargo & Company

BorgWarner (NYSE:BWA - Get Free Report) had its price target lowered by equities researchers at Wells Fargo & Company from $42.00 to $40.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the auto parts company's stock. Wells Fargo & Company's target price suggests a potential upside of 21.25% from the company's current price.

A number of other brokerages have also issued reports on BWA. JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. Wolfe Research initiated coverage on BorgWarner in a research report on Thursday, September 5th. They set a "peer perform" rating for the company. Deutsche Bank Aktiengesellschaft boosted their target price on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Guggenheim reiterated a "buy" rating and issued a $41.00 price target on shares of BorgWarner in a report on Thursday. Finally, Evercore ISI upgraded BorgWarner from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.07.

BorgWarner Price Performance

Shares of NYSE BWA traded down $1.06 during trading hours on Monday, reaching $32.99. 3,054,195 shares of the stock traded hands, compared to its average volume of 2,645,330. The company has a market capitalization of $7.21 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.77 and a beta of 1.19. The company's 50-day simple moving average is $34.34 and its two-hundred day simple moving average is $33.64. 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 has a 52-week low of $29.51 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the firm earned $0.98 EPS. The firm's quarterly revenue was down 4.8% compared to the same quarter last year. Equities research analysts forecast that BorgWarner will post 4.22 EPS for the current year.

Insider Activity

In other news, VP Stefan Demmerle sold 21,500 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the transaction, the vice president now owns 227,513 shares of the company's stock, valued at approximately $7,915,177.27. The trade was a 8.63 % 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 hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the sale, the vice president now owns 37,640 shares in the company, valued at approximately $1,303,096.80. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock valued at $7,678,076 in the last quarter. 0.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BorgWarner

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWA. Matrix Trust Co purchased a new stake in BorgWarner during the 3rd quarter valued at $25,000. LRI Investments LLC lifted its holdings in shares of BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company's stock worth $31,000 after acquiring an additional 913 shares during the last quarter. Sentry Investment Management LLC purchased a new position in shares of BorgWarner during the 2nd quarter worth about $32,000. Brooklyn Investment Group bought a new position in BorgWarner during the 3rd quarter valued at about $32,000. Finally, True Wealth Design LLC purchased a new stake in BorgWarner in the 3rd quarter worth about $38,000. 95.67% of the stock is currently owned by hedge funds and other 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.