BWA

Exane BNP Paribas Downgrades BorgWarner (BWA)

Fintel reports that on February 20, 2024, Exane BNP Paribas downgraded their outlook for BorgWarner (NYSE:BWA) from Outperform to Neutral .

Analyst Price Forecast Suggests 45.21% Upside

As of January 19, 2024, the average one-year price target for BorgWarner is 43.80. The forecasts range from a low of 36.36 to a high of $61.95. The average price target represents an increase of 45.21% from its latest reported closing price of 30.16.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for BorgWarner is 18,255MM, an increase of 28.57%. The projected annual non-GAAP EPS is 5.77.

What is the Fund Sentiment?

There are 1436 funds or institutions reporting positions in BorgWarner. This is a decrease of 3 owner(s) or 0.21% in the last quarter. Average portfolio weight of all funds dedicated to BWA is 0.22%, a decrease of 5.61%. Total shares owned by institutions decreased in the last three months by 0.36% to 265,859K shares. BWA / BorgWarner Inc. Put/Call Ratios The put/call ratio of BWA is 0.95, indicating a bullish outlook.

What are Other Shareholders Doing?

BWA / BorgWarner Inc. Shares Held by Institutions

Harris Associates L P holds 10,963K shares representing 4.77% ownership of the company. In it's prior filing, the firm reported owning 10,063K shares, representing an increase of 8.21%. The firm decreased its portfolio allocation in BWA by 15.97% over the last quarter.

Victory Capital Management holds 9,668K shares representing 4.21% ownership of the company. In it's prior filing, the firm reported owning 8,720K shares, representing an increase of 9.81%. The firm decreased its portfolio allocation in BWA by 9.89% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,297K shares representing 3.18% ownership of the company. In it's prior filing, the firm reported owning 7,288K shares, representing an increase of 0.11%. The firm decreased its portfolio allocation in BWA by 14.23% over the last quarter.

VETAX - Victory Sycamore Established Value Fund holds 6,130K shares representing 2.67% ownership of the company. In it's prior filing, the firm reported owning 6,056K shares, representing an increase of 1.20%. The firm decreased its portfolio allocation in BWA by 11.17% over the last quarter.

OAKMX - Oakmark Fund Investor Class holds 6,000K shares representing 2.61% ownership of the company. No change in the last quarter.

BorgWarner Background Information
(This description is provided by the company.)

BorgWarner Inc. is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles. Building on its original equipment expertise, BorgWarner also brings market leading product and service solutions to the global aftermarket. With manufacturing and technical facilities in 96 locations in 24 countries, the Company employs approximately 50,000 worldwide.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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