Aptiv (NYSE:APTV) Given New $75.00 Price Target at Barclays

Aptiv (NYSE:APTV) had its price target decreased by Barclays from $80.00 to $75.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price target suggests a potential upside of 17.16% from the stock’s current price.

Several other research analysts have also weighed in on APTV. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. raised their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley reduced their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Robert W. Baird reduced their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Oppenheimer reduced their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.06.

Aptiv Trading Up 2.0 %

Aptiv stock opened at $64.02 on Wednesday. The firm has a 50 day simple moving average of $58.19 and a 200-day simple moving average of $64.84. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The stock has a market capitalization of $15.05 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 0.55 and a beta of 1.75. Aptiv has a 12-month low of $51.47 and a 12-month high of $88.89.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period in the prior year, the business earned $1.30 earnings per share. The business’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities research analysts expect that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wolff Wiese Magana LLC raised its stake in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the last quarter. Mather Group LLC. raised its stake in shares of Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after buying an additional 176 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Aptiv by 16.8% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after buying an additional 176 shares during the last quarter. Boston Common Asset Management LLC raised its stake in shares of Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock worth $249,000 after buying an additional 188 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Aptiv by 4.9% during the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after buying an additional 218 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.