Robert W. Baird Lowers BorgWarner (NYSE:BWA) Price Target to $38.00

BorgWarner (NYSE:BWA) had its price objective cut by equities research analysts at Robert W. Baird from $40.00 to $38.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s target price points to a potential upside of 14.73% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Piper Sandler started coverage on BorgWarner in a report on Friday, March 15th. They issued an “overweight” rating and a $43.00 target price on the stock. Wells Fargo & Company cut their price objective on BorgWarner from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Barclays upped their price target on shares of BorgWarner from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Finally, UBS Group raised their price objective on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.19.

BorgWarner Trading Down 0.1 %

Shares of NYSE:BWA opened at $33.12 on Friday. The stock’s 50-day simple moving average is $34.46 and its two-hundred day simple moving average is $33.61. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.88 and a beta of 1.22. BorgWarner has a 52-week low of $29.51 and a 52-week high of $47.05. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.54.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that BorgWarner will post 4.05 EPS for the current year.

BorgWarner declared that its board has authorized a share repurchase plan on Thursday, May 2nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the auto parts company to purchase up to 6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On BorgWarner

Hedge funds have recently bought and sold shares of the business. EdgeRock Capital LLC bought a new stake in shares of BorgWarner in the 4th quarter worth about $30,000. Riverview Trust Co bought a new stake in BorgWarner during the first quarter worth approximately $30,000. Sound Income Strategies LLC purchased a new stake in BorgWarner during the fourth quarter valued at approximately $32,000. LRI Investments LLC bought a new stake in shares of BorgWarner in the 1st quarter valued at approximately $35,000. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of BorgWarner in the 4th quarter worth approximately $33,000. 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.