Barclays Reiterates $85.00 Price Target for Aptiv (NYSE:APTV)

Barclays set a $85.00 price target on Aptiv (NYSE:APTV) in a research report report published on Wednesday, MarketBeat reports. The firm currently has an equal weight rating on the auto parts company’s stock.

Several other research firms have also recently weighed in on APTV. Guggenheim cut shares of Aptiv from a “buy” rating to a “neutral” rating in a report on Wednesday, June 4th. Wolfe Research lowered shares of Aptiv from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 2nd. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the company a “neutral” rating in a research report on Thursday, May 22nd. UBS Group raised their price objective on shares of Aptiv from $66.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Finally, Bank of America upped their target price on Aptiv from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $81.63.

Aptiv Stock Performance

Aptiv stock opened at $68.16 on Wednesday. The firm has a fifty day simple moving average of $68.51 and a two-hundred day simple moving average of $63.26. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. Aptiv has a twelve month low of $47.19 and a twelve month high of $80.95. The company has a market capitalization of $14.84 billion, a PE ratio of 11.28, a P/E/G ratio of 0.78 and a beta of 1.46.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. Research analysts expect that Aptiv will post 7.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC lifted its stake in shares of Aptiv by 4.1% in the 4th quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company’s stock worth $887,000 after purchasing an additional 577 shares during the period. Cibc World Markets Corp raised its position in Aptiv by 5.5% in the fourth quarter. Cibc World Markets Corp now owns 38,462 shares of the auto parts company’s stock worth $2,326,000 after acquiring an additional 1,991 shares during the period. Tocqueville Asset Management L.P. boosted its stake in shares of Aptiv by 301.1% during the 4th quarter. Tocqueville Asset Management L.P. now owns 65,646 shares of the auto parts company’s stock worth $3,970,000 after acquiring an additional 49,281 shares during the last quarter. Horizon Investments LLC boosted its stake in shares of Aptiv by 6.1% during the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock worth $231,000 after acquiring an additional 219 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Aptiv during the 4th quarter valued at $881,000. 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.