Robert W. Baird Cuts BorgWarner (NYSE:BWA) Price Target to $29.00

BorgWarner (NYSE:BWA - Get Free Report) had its price target dropped by investment analysts at Robert W. Baird from $34.00 to $29.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the auto parts company's stock. Robert W. Baird's target price would indicate a potential upside of 9.78% from the company's current price.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company increased their price objective on BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Barclays lowered their price target on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Evercore ISI reduced their price objective on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $31.00 price target (down previously from $38.00) on shares of BorgWarner in a report on Thursday, April 10th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, BorgWarner has a consensus rating of "Moderate Buy" and an average price target of $37.50.

BorgWarner Stock Performance

NYSE BWA traded up $0.40 during trading on Tuesday, hitting $26.42. 1,371,504 shares of the company's stock traded hands, compared to its average volume of 2,795,759. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.77 and a beta of 1.12. BorgWarner has a 12-month low of $24.40 and a 12-month high of $38.23. The business has a 50 day moving average of $28.38 and a 200-day moving average of $31.55.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, equities research analysts anticipate that BorgWarner will post 4.28 earnings per share for the current fiscal year.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,800 shares of company stock valued at $1,347,701. Insiders own 0.63% of the company's stock.

Institutional Trading of BorgWarner

Several large investors have recently modified their holdings of the business. Blackston Financial Advisory Group LLC raised its position in BorgWarner by 20.3% during the 1st quarter. Blackston Financial Advisory Group LLC now owns 7,705 shares of the auto parts company's stock valued at $221,000 after purchasing an additional 1,301 shares during the last quarter. Fortis Advisors LLC raised its holdings in shares of BorgWarner by 21.3% during the first quarter. Fortis Advisors LLC now owns 9,400 shares of the auto parts company's stock valued at $269,000 after acquiring an additional 1,650 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its stake in BorgWarner by 56.7% in the first quarter. Elevation Point Wealth Partners LLC now owns 96,526 shares of the auto parts company's stock worth $2,765,000 after acquiring an additional 34,946 shares during the period. Alpha Omega Wealth Management LLC boosted its holdings in BorgWarner by 59.8% in the first quarter. Alpha Omega Wealth Management LLC now owns 25,190 shares of the auto parts company's stock valued at $722,000 after acquiring an additional 9,427 shares in the last quarter. Finally, CX Institutional bought a new position in BorgWarner in the 1st quarter worth $98,000. 95.67% of the stock is owned by institutional investors.

BorgWarner Company Profile

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.