Aptiv (NYSE:APTV) Price Target Lowered to $75.00 at Barclays

Aptiv (NYSE:APTV) had its price objective decreased by Barclays from $80.00 to $75.00 in a report released on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the auto parts company’s stock.

A number of other brokerages have also issued reports on APTV. Guggenheim reiterated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Wells Fargo & Company dropped their price objective on Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada reduced their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Morgan Stanley reduced their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Finally, Bank of America lowered their target price 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.00.

Aptiv Stock Up 1.6 %

APTV stock opened at $62.75 on Wednesday. The firm has a 50-day moving average price of $58.06 and a 200-day moving average price of $64.86. Aptiv has a 12 month low of $51.47 and a 12 month high of $88.89. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $14.75 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.75.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. lifted its position in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in 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 purchasing an additional 155 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Aptiv in the third quarter worth about $43,000. Brooklyn Investment Group bought a new stake in shares of Aptiv in the third quarter valued at approximately $43,000. Finally, Mather Group LLC. lifted its stake in shares of Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after buying an additional 176 shares in the last quarter. 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.