Aptiv (NYSE:APTV) Stock Rating Upgraded by HSBC

Aptiv (NYSE:APTV) was upgraded by investment analysts at HSBC from a “hold” rating to a “buy” rating in a report issued on Tuesday, MarketBeat.com reports. The brokerage currently has a $77.00 price target on the auto parts company’s stock, up from their previous price target of $63.00. HSBC’s target price suggests a potential upside of 25.80% from the stock’s previous close.

Several other equities research analysts also recently weighed in on APTV. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. Royal Bank of Canada cut their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. 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 research report on Friday, November 1st. Finally, Morgan Stanley reduced their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $85.00.

Aptiv Stock Performance

NYSE APTV opened at $61.21 on Tuesday. 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 company has a market cap of $14.39 billion, a P/E ratio of 6.83, a P/E/G ratio of 0.55 and a beta of 1.74. The stock has a 50-day moving average of $59.79 and a two-hundred day moving average of $64.27. Aptiv has a 1-year low of $51.47 and a 1-year high of $85.56.

Institutional Trading of Aptiv

Institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. raised its position in 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 acquiring an additional 409 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares during the period. Capital Performance Advisors LLP purchased a new position 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 third quarter valued at about $43,000. Finally, Mather Group LLC. boosted its holdings in Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after buying an additional 176 shares in the last quarter. 94.21% of the stock is currently 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.