Aptiv (NYSE:APTV) Upgraded at Hsbc Global Res

Aptiv (NYSE:APTV) was upgraded by investment analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Bank of America cut their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Guggenheim reissued a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Royal Bank of Canada reduced their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Oppenheimer dropped their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Aptiv Trading Down 0.3 %

Shares of NYSE:APTV opened at $61.21 on Tuesday. The business’s 50-day moving average is $59.79 and its 200 day moving average is $64.27. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv has a 1 year low of $51.47 and a 1 year high of $85.56. The firm has a market capitalization of $14.39 billion, a P/E ratio of 6.83, a P/E/G ratio of 0.55 and a beta of 1.74.

Institutional Investors Weigh In On Aptiv

Several hedge funds have recently modified their holdings of APTV. Brown Brothers Harriman & Co. increased its stake in shares of Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares in the last quarter. Wolff Wiese Magana LLC increased 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 buying an additional 155 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Aptiv during the 3rd quarter worth approximately $43,000. Brooklyn Investment Group purchased a new position in shares of Aptiv during the 3rd quarter valued at approximately $43,000. Finally, Mather Group LLC. grew its stake in Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after acquiring an additional 176 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

About Aptiv

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.