JPMorgan Chase & Co. Issues Pessimistic Forecast for BorgWarner (NYSE:BWA) Stock Price

BorgWarner (NYSE:BWA) had its price objective cut by research analysts at JPMorgan Chase & Co. from $51.00 to $49.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 48.90% from the stock’s previous close.

A number of other analysts also recently weighed in on BWA. Wells Fargo & Company decreased their price objective on BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Barclays decreased their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Guggenheim restated a “buy” rating and set a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group decreased their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, BorgWarner has an average rating of “Moderate Buy” and an average price target of $40.40.

BorgWarner Price Performance

Shares of BWA traded up $0.26 during trading hours on Monday, reaching $32.91. The stock had a trading volume of 2,487,645 shares, compared to its average volume of 2,372,221. The stock has a market capitalization of $7.20 billion, a PE ratio of 8.35, a PEG ratio of 0.63 and a beta of 1.20. BorgWarner has a 12 month low of $29.51 and a 12 month high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The company’s 50-day moving average is $32.91 and its two-hundred day moving average is $33.40.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.98 earnings per share. Research analysts expect that BorgWarner will post 4.23 EPS for the current year.

Insider Activity

In related news, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction dated Monday, November 11th. The stock was 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 directly owns 259,957 shares in the company, valued at $8,997,111.77. This represents a 37.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stefan Demmerle sold 21,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the transaction, the vice president now owns 227,513 shares in the company, valued at $7,915,177.27. The trade was a 8.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 222,010 shares of company stock worth $7,678,076. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BWA. Studio Investment Management LLC grew its stake in BorgWarner by 12.4% in the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 310 shares during the period. Spectrum Asset Management Inc. NB CA increased its stake in shares of BorgWarner by 0.5% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock worth $2,158,000 after acquiring an additional 316 shares in the last quarter. Avior Wealth Management LLC lifted its position in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 342 shares during the period. Alpha Omega Wealth Management LLC boosted its stake in BorgWarner by 2.2% during the third quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock worth $602,000 after acquiring an additional 350 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock worth $1,730,000 after purchasing an additional 381 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.