Aptiv (NYSE:APTV) Stock Gets Price Target Cut from Barclays

Aptiv (NYSE:APTV) had its price target cut by Barclays from $60.00 to $53.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

A number of other research firms also recently commented on APTV. Fox Advisors downgraded Aptiv from an “overweight” rating to an “equal weight” rating in a report on Wednesday, August 5th. Morgan Stanley cut shares of Aptiv from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $71.00 to $55.00 in a research note on Wednesday, August 5th. Zacks Research downgraded shares of Aptiv from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Royal Bank Of Canada reduced their price objective on shares of Aptiv from $77.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, UBS Group reduced their price objective on shares of Aptiv from $62.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $69.02.

Aptiv Stock Performance

Shares of APTV stock traded down $1.37 during trading hours on Wednesday, reaching $39.48. 4,079,917 shares of the company’s stock were exchanged, compared to its average volume of 2,583,068. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.33. The company’s 50 day moving average is $44.13 and its two-hundred day moving average is $58.97. The company has a market cap of $8.20 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. Aptiv has a 1 year low of $39.40 and a 1 year high of $88.93.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Aptiv had a return on equity of 17.10% and a net margin of 1.17%. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the business earned $2.17 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Aptiv will post 5.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several hedge funds and other institutional investors have recently bought and sold shares of APTV. International Assets Investment Management LLC boosted its position in Aptiv by 7.3% during the first quarter. International Assets Investment Management LLC now owns 3,817 shares of the auto parts company’s stock worth $265,000 after purchasing an additional 260 shares in the last quarter. Root Financial Partners LLC grew its holdings in Aptiv by 62.2% in the first quarter. Root Financial Partners LLC now owns 709 shares of the auto parts company’s stock valued at $49,000 after purchasing an additional 272 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Aptiv by 3.4% in the first quarter. QRG Capital Management Inc. now owns 8,399 shares of the auto parts company’s stock valued at $583,000 after buying an additional 280 shares in the last quarter. Evelyn Partners Investment Management Services Ltd increased its position in shares of Aptiv by 108.7% in the first quarter. Evelyn Partners Investment Management Services Ltd now owns 576 shares of the auto parts company’s stock valued at $40,000 after buying an additional 300 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of Aptiv by 2.1% in the first quarter. Wealthfront Advisers LLC now owns 16,955 shares of the auto parts company’s stock valued at $1,177,000 after buying an additional 350 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv News Summary

Here are the key news stories impacting Aptiv this week:

• Positive Sentiment: Aptiv said it is accelerating its robotics expansion with industry partners, a potential opportunity to broaden growth beyond its core automotive business. Aptiv: Accelerates Robotics Expansion With Industry Partners
• Positive Sentiment: Citigroup lowered its price target to $68 from $77 but maintained a Buy rating; the new target implies 72.2% upside from the cited share price. This signals continued optimism, although the reduced target reflects a more cautious valuation. Citigroup stock recommendations
• Neutral Sentiment: Wall Street analysts are described as moderately optimistic despite Aptiv’s substantial underperformance versus the broader market over the past year. Are Wall Street Analysts Predicting Aptiv Stock Will Climb or Sink?
• Negative Sentiment: Several firms lowered their price targets, including Goldman Sachs, which cut its target to $54, and TD Cowen, which reduced its target to $72. Morgan Stanley and RBC also lowered targets, adding to the cautious tone around valuation. Goldman Sachs lowers Aptiv price target TD Cowen cuts Aptiv price target Morgan Stanley lowers Aptiv price target RBC lowers Aptiv price target

Aptiv Company Profile

Aptiv PLC (NYSE: APTV) is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.

The company’s product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.