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

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

Several other equities analysts have also recently weighed in on the company. Guggenheim restated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. TD Cowen lowered their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Oppenheimer decreased their target price on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Royal Bank of Canada dropped their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Two 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.00.

Aptiv Trading Up 1.6 %

NYSE APTV opened at $62.75 on Wednesday. Aptiv has a 52 week low of $51.47 and a 52 week high of $88.89. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The stock’s 50 day moving average price is $58.06 and its two-hundred day moving average price is $64.86. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.54 and a beta of 1.75.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The business 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 firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 earnings per share. As a group, analysts anticipate that Aptiv will post 6.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of hedge funds have recently bought and sold shares of APTV. Pacer Advisors Inc. grew its position in shares of Aptiv by 31.2% during the 2nd quarter. Pacer Advisors Inc. now owns 28,921 shares of the auto parts company’s stock worth $2,037,000 after purchasing an additional 6,875 shares in the last quarter. Ensign Peak Advisors Inc grew its stake in Aptiv by 132.8% during the second quarter. Ensign Peak Advisors Inc now owns 100,192 shares of the auto parts company’s stock worth $7,056,000 after buying an additional 57,145 shares in the last quarter. Gabelli Funds LLC grew its stake in Aptiv by 40.6% during the second quarter. Gabelli Funds LLC now owns 83,176 shares of the auto parts company’s stock worth $5,857,000 after buying an additional 24,000 shares in the last quarter. Insigneo Advisory Services LLC increased its holdings in Aptiv by 22.1% in the 2nd quarter. Insigneo Advisory Services LLC now owns 5,868 shares of the auto parts company’s stock valued at $406,000 after buying an additional 1,064 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Aptiv by 27.7% in the 2nd quarter. AQR Capital Management LLC now owns 738,000 shares of the auto parts company’s stock valued at $51,062,000 after buying an additional 159,950 shares in the last quarter. 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.