BorgWarner (NYSE:BWA) had its price target lowered by investment analysts at Citigroup from $52.00 to $44.00 in a report released on Friday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price target suggests a potential upside of 16.25% from the company’s previous close.

BWA has been the subject of several other reports. Wells Fargo & Co raised BorgWarner from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $57.00 to $56.00 in a research note on Wednesday, July 18th. Goldman Sachs Group upgraded BorgWarner from a “neutral” rating to a “buy” rating and increased their price target for the stock from $56.00 to $58.00 in a report on Monday, June 25th. Wolfe Research initiated coverage on BorgWarner in a report on Tuesday, October 2nd. They issued an “outperform” rating on the stock. BMO Capital Markets set a $60.00 price target on BorgWarner and gave the stock a “buy” rating in a report on Thursday, September 20th. Finally, Buckingham Research reduced their price target on BorgWarner from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. BorgWarner has an average rating of “Buy” and a consensus target price of $56.43.

NYSE:BWA opened at $37.85 on Friday. The company has a market capitalization of $8.94 billion, a PE ratio of 9.73, a P/E/G ratio of 1.22 and a beta of 1.88. BorgWarner has a 1 year low of $37.37 and a 1 year high of $58.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.23.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, July 26th. The auto parts company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.08. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.71 billion. BorgWarner had a return on equity of 22.83% and a net margin of 5.11%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. Research analysts expect that BorgWarner will post 4.38 EPS for the current fiscal year.

In other BorgWarner news, VP Thomas J. Mcgill sold 3,260 shares of the firm’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $44.55, for a total transaction of $145,233.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tonit M. Calaway sold 4,590 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $46.01, for a total value of $211,185.90. Following the transaction, the executive vice president now owns 34,982 shares in the company, valued at $1,609,521.82. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Twin Capital Management Inc. increased its holdings in BorgWarner by 522.3% during the 2nd quarter. Twin Capital Management Inc. now owns 52,540 shares of the auto parts company’s stock worth $2,268,000 after purchasing an additional 44,097 shares during the period. Toronto Dominion Bank boosted its position in BorgWarner by 33.2% during the 2nd quarter. Toronto Dominion Bank now owns 143,291 shares of the auto parts company’s stock valued at $6,183,000 after acquiring an additional 35,719 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in BorgWarner by 3.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,102,932 shares of the auto parts company’s stock valued at $47,603,000 after acquiring an additional 41,313 shares in the last quarter. Robecosam AG boosted its position in BorgWarner by 0.5% during the 2nd quarter. Robecosam AG now owns 293,100 shares of the auto parts company’s stock valued at $12,817,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Advisors Capital Management LLC boosted its position in BorgWarner by 2.7% during the 2nd quarter. Advisors Capital Management LLC now owns 59,842 shares of the auto parts company’s stock valued at $2,583,000 after acquiring an additional 1,580 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

About BorgWarner

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.

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