Aptiv (NYSE:APTV) Given New $80.00 Price Target at Barclays

Aptiv (NYSE:APTV) had its price objective increased by Barclays from $75.00 to $80.00 in a research report sent to investors on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the auto parts company’s stock.

A number of other research analysts have also recently commented on the stock. Raymond James reissued a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and raised their target price for the company from $63.00 to $77.00 in a research note on Tuesday. Bank of America cut their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Guggenheim restated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.72.

Aptiv Stock Up 1.0 %

Shares of NYSE APTV opened at $64.09 on Friday. The stock has a fifty day moving average price of $60.06 and a 200 day moving average price of $64.24. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv has a 12-month low of $51.47 and a 12-month high of $85.56. The company has a market cap of $15.06 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.55 and a beta of 1.74.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Research analysts anticipate that Aptiv will post 6.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. lifted its holdings 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 during the last quarter. Wolff Wiese Magana LLC raised its position 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 bought a new stake in shares of Aptiv in the 3rd quarter worth approximately $43,000. Brooklyn Investment Group acquired a new position in Aptiv during the 3rd quarter valued at approximately $43,000. Finally, Mather Group LLC. grew its stake in Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $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.