Barclays Cuts Aptiv (NYSE:APTV) Price Target to $80.00

Aptiv (NYSE:APTV) had its price objective lowered by Barclays from $100.00 to $80.00 in a research note released on Monday morning, Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

APTV has been the subject of a number of other reports. StockNews.com initiated coverage on Aptiv in a research note on Sunday. They issued a “hold” rating for the company. Evercore ISI dropped their target price on Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. Bank of America reduced their price target on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Royal Bank of Canada dropped their price objective 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. Finally, Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Aptiv Trading Down 2.6 %

NYSE APTV opened at $53.83 on Monday. 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 stock has a market capitalization of $14.31 billion, a P/E ratio of 6.01, a PEG ratio of 0.52 and a beta of 1.81. The firm’s 50-day moving average is $68.62 and its two-hundred day moving average is $72.11. Aptiv has a 12 month low of $52.81 and a 12 month high of $91.66.

Aptiv (NYSE:APTV) last issued its quarterly earnings data 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 analyst estimates of $5.10 billion. During the same period in the prior year, the business posted $1.30 EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Aptiv will post 6.2 earnings per share for the current year.

Hedge Funds Weigh In On Aptiv

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