Barclays Issues Pessimistic Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price objective lowered by Barclays from $100.00 to $80.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

Several other analysts also recently weighed in on the stock. Evercore ISI lowered their target price on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 15th. TD Cowen lowered their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. lifted their price target on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Morgan Stanley cut their price objective on Aptiv from $70.00 to $68.00 and set an “underweight” rating for the company in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Aptiv Stock Down 2.6 %

APTV opened at $53.83 on Monday. Aptiv has a 52 week low of $52.81 and a 52 week high of $91.66. The business has a 50 day moving average price of $68.62 and a two-hundred day moving average price of $72.11. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The company has a market cap of $14.31 billion, a PE ratio of 6.01, a P/E/G ratio of 0.52 and a beta of 1.81.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, research analysts anticipate that Aptiv will post 6.2 EPS for the current year.

Institutional Trading of Aptiv

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Independence Bank of Kentucky purchased a new position in shares of Aptiv during the second quarter valued at approximately $25,000. Crewe Advisors LLC boosted its holdings in shares of Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the last quarter. Clearstead Trust LLC grew its position in shares of Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 305 shares during the period. Wolff Wiese Magana LLC grew its position in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in Aptiv during the second quarter worth about $38,000. 94.21% of the stock is currently owned by hedge funds and other 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.