Hsbc Global Res Upgrades Aptiv (NYSE:APTV) to “Strong-Buy”

Aptiv (NYSE:APTV) was upgraded by research analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and increased their target price for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Raymond James restated a “market perform” rating on shares of Aptiv in a research report on Monday. Royal Bank of Canada reduced their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Bank of America cut their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Aptiv Stock Performance

NYSE APTV opened at $61.21 on Tuesday. The business’s 50 day moving average price is $59.79 and its 200-day moving average price is $64.27. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. 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 company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

Hedge Funds Weigh In On Aptiv

A number of large investors have recently bought and sold shares of APTV. Brown Brothers Harriman & Co. increased its holdings in shares of Aptiv by 1,410.3% in 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 during the period. Wolff Wiese Magana LLC boosted its position in Aptiv by 44.3% during the third 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 purchased a new position in Aptiv in the third quarter valued at about $43,000. Brooklyn Investment Group bought a new position in Aptiv in the third quarter worth about $43,000. Finally, Mather Group LLC. lifted its position in shares of Aptiv by 36.9% during the third 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. Institutional investors own 94.21% of the company’s stock.

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.