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

Aptiv (NYSE:APTV) had its price target decreased by investment analysts at Barclays from $80.00 to $75.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s target price suggests a potential upside of 17.16% from the company’s previous close.

APTV has been the topic of several other research reports. Morgan Stanley dropped their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lowered their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Robert W. Baird reduced their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company reduced their price objective on shares of Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $85.06.

Aptiv Stock Up 2.0 %

NYSE:APTV opened at $64.02 on Wednesday. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 0.55 and a beta of 1.75. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv has a 52 week low of $51.47 and a 52 week high of $88.89. The stock’s fifty day moving average is $58.19 and its two-hundred day moving average is $64.84.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.30 earnings per share. Research analysts anticipate that Aptiv will post 6.15 EPS for the current year.

Institutional Trading of Aptiv

Institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. lifted its holdings 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 acquiring an additional 409 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Aptiv in the 3rd quarter valued at about $43,000. Brooklyn Investment Group acquired a new stake in shares of Aptiv in the 3rd quarter valued at about $43,000. Finally, Mather Group LLC. grew its position 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 during the last quarter. 94.21% of the stock is 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.