Deutsche Bank Aktiengesellschaft Lowers BorgWarner (NYSE:BWA) Price Target to $44.00

BorgWarner (NYSE:BWAGet Rating) had its price target dropped by analysts at Deutsche Bank Aktiengesellschaft from $53.00 to $44.00 in a research note issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 13.52% from the company’s previous close.

A number of other equities analysts have also recently weighed in on BWA. Barclays reduced their price target on BorgWarner from $49.00 to $41.00 and set an “equal weight” rating for the company in a report on Thursday, April 7th. Morgan Stanley upped their price target on BorgWarner from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Monday, February 28th. The Goldman Sachs Group reduced their price target on BorgWarner from $47.00 to $42.00 and set a “neutral” rating for the company in a report on Tuesday, April 5th. BNP Paribas initiated coverage on BorgWarner in a report on Monday, April 11th. They issued a “neutral” rating for the company. Finally, Exane BNP Paribas initiated coverage on BorgWarner in a report on Monday, April 11th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner presently has an average rating of “Hold” and an average target price of $48.00.

Shares of BWA opened at $38.76 on Thursday. BorgWarner has a 52 week low of $34.85 and a 52 week high of $55.55. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.31 and a beta of 1.42. The stock’s 50-day moving average price is $39.10 and its 200-day moving average price is $43.43.

BorgWarner (NYSE:BWAGet Rating) last issued its earnings results on Tuesday, February 15th. The auto parts company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.32. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 14.22% and a net margin of 3.62%. The company’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 earnings per share. As a group, equities analysts anticipate that BorgWarner will post 4.13 EPS for the current fiscal year.

In related news, EVP Felecia J. Pryor sold 6,590 shares of the stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $38.01, for a total value of $250,485.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Parkside Investments LLC boosted its position in shares of BorgWarner by 5.8% during the fourth quarter. Parkside Investments LLC now owns 150,704 shares of the auto parts company’s stock worth $6,792,000 after buying an additional 8,275 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in BorgWarner by 18.2% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 219,924 shares of the auto parts company’s stock valued at $9,503,000 after purchasing an additional 33,809 shares during the period. Rheos Capital Works Inc. purchased a new position in BorgWarner in the fourth quarter valued at $4,620,000. Geode Capital Management LLC boosted its holdings in BorgWarner by 2.8% in the third quarter. Geode Capital Management LLC now owns 4,479,051 shares of the auto parts company’s stock valued at $193,045,000 after purchasing an additional 122,537 shares during the period. Finally, Banque Pictet & Cie SA purchased a new position in BorgWarner in the fourth quarter valued at $2,289,000. Institutional investors own 91.89% of the company’s stock.

About BorgWarner (Get Rating)

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

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