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

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

A number of other analysts also recently commented on APTV. JPMorgan Chase & Co. boosted their price target 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. Bank of America dropped 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. Wells Fargo & Company increased their price target on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen dropped their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Guggenheim restated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.72.

Aptiv Stock Performance

Shares of APTV stock opened at $64.09 on Friday. Aptiv has a 12-month low of $51.47 and a 12-month high of $85.56. 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 firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.55 and a beta of 1.74. The business has a 50 day simple moving average of $60.06 and a 200 day simple moving average of $64.24.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. On average, equities research analysts anticipate that Aptiv will post 6.18 EPS for the current year.

Institutional Trading of Aptiv

Several large investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its position in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the period. Wolff Wiese Magana LLC lifted its stake in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Aptiv during the 3rd quarter worth about $43,000. Brooklyn Investment Group purchased a new position in Aptiv during the 3rd quarter valued at about $43,000. Finally, Mather Group LLC. increased its holdings in shares of 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 purchasing an additional 176 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

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.