The Goldman Sachs Group Cuts BorgWarner (NYSE:BWA) Price Target to $42.00

BorgWarner (NYSE:BWA) had its price objective decreased by The Goldman Sachs Group from $48.00 to $42.00 in a research report sent to investors on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the auto parts company’s stock.

Several other research analysts have also recently issued reports on BWA. UBS Group initiated coverage on BorgWarner in a research report on Tuesday, September 12th. They issued a buy rating and a $52.00 target price on the stock. Deutsche Bank Aktiengesellschaft downgraded BorgWarner from a buy rating to a hold rating and decreased their price objective for the stock from $47.00 to $36.00 in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on BorgWarner from $59.00 to $55.00 and set an overweight rating on the stock in a research note on Thursday, July 20th. Oppenheimer decreased their price objective on BorgWarner from $48.00 to $45.00 and set an outperform rating on the stock in a research note on Monday, October 9th. Finally, Barclays decreased their price objective on BorgWarner from $58.00 to $57.00 in a research note on Monday, July 10th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $49.41.

BorgWarner Trading Up 3.4 %

Shares of NYSE:BWA opened at $33.36 on Friday. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.86 and a beta of 1.44. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.62. The stock’s 50-day simple moving average is $39.39 and its two-hundred day simple moving average is $43.23. BorgWarner has a 52-week low of $31.63 and a 52-week high of $51.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich grew its stake in BorgWarner by 100,784.0% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 260,453,189 shares of the auto parts company’s stock worth $12,738,765,000 after purchasing an additional 260,195,018 shares in the last quarter. Vanguard Group Inc. grew its stake in BorgWarner by 2.2% in the first quarter. Vanguard Group Inc. now owns 26,131,243 shares of the auto parts company’s stock worth $1,016,505,000 after purchasing an additional 570,039 shares in the last quarter. State Street Corp grew its stake in BorgWarner by 3.5% in the second quarter. State Street Corp now owns 10,449,304 shares of the auto parts company’s stock worth $511,075,000 after purchasing an additional 357,259 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in BorgWarner by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,142,969 shares of the auto parts company’s stock valued at $349,358,000 after acquiring an additional 51,385 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in BorgWarner by 3.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock valued at $220,561,000 after acquiring an additional 166,007 shares in the last quarter. Institutional investors own 92.35% of the company’s stock.

About BorgWarner

BorgWarner Inc 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, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.