Aptiv (NYSE:APTV) Price Target Cut to $80.00 by Analysts at Barclays

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

A number of other analysts have also issued reports on APTV. Bank of America lowered their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. The Goldman Sachs Group reduced their price target on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday. Finally, TD Cowen cut their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Aptiv Trading Up 0.4 %

NYSE:APTV opened at $56.15 on Monday. The company’s 50 day moving average is $69.25 and its 200-day moving average is $72.34. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv has a 12 month low of $54.70 and a 12 month high of $91.66. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 6.24, a P/E/G ratio of 0.52 and a beta of 1.81.

Aptiv (NYSE:APTV) last announced its 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 net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the firm posted $1.30 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts anticipate that Aptiv will post 6.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its position in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Aptiv by 13.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after buying an additional 905,431 shares in the last quarter. Capital World Investors bought a new position in shares of Aptiv in the first quarter valued at approximately $343,760,000. Clearbridge Investments LLC boosted its holdings in shares of Aptiv by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after acquiring an additional 131,431 shares in the last quarter. Finally, EdgePoint Investment Group Inc. bought a new stake in Aptiv during the 1st quarter worth approximately $335,426,000. 94.21% of the stock is owned by 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.