Barclays Forecasts Strong Price Appreciation for Aptiv (NYSE:APTV) Stock

Aptiv (NYSE:APTV) had its target price lifted by stock analysts at Barclays from $75.00 to $80.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price target indicates a potential upside of 24.82% from the stock’s current price.

A number of other analysts have also recently weighed in on APTV. TD Cowen dropped their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. StockNews.com began coverage on Aptiv in a research report on Friday. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Friday. 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. According to data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average price target of $86.72.

Aptiv Stock Up 1.0 %

Shares of Aptiv stock traded up $0.61 on Friday, hitting $64.09. 3,824,580 shares of the company’s stock traded hands, compared to its average volume of 3,505,182. Aptiv has a 52-week low of $51.47 and a 52-week high of $85.56. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The stock has a market cap of $15.06 billion, a P/E ratio of 7.15, a PEG ratio of 0.55 and a beta of 1.74. The firm’s 50-day moving average is $60.06 and its 200 day moving average is $64.24.

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

Institutional Investors Weigh In On Aptiv

A number of institutional investors and hedge funds have recently modified their holdings of APTV. Proactive Wealth Strategies LLC acquired a new stake in Aptiv during the 3rd quarter valued at $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Aptiv by 73.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after buying an additional 47,215 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Aptiv in the 3rd quarter worth about $14,893,000. Shorepath Capital Management LLC boosted its position in Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after acquiring an additional 11,835 shares during the period. Finally, National Pension Service grew its stake in Aptiv by 16.6% during the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after acquiring an additional 71,633 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

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.