Aptiv (NYSE:APTV) Price Target Lowered to $80.00 at Barclays

Aptiv (NYSE:APTV) had its price objective cut by Barclays from $100.00 to $80.00 in a research report released on Monday,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

APTV has been the subject of a number of other reports. UBS Group cut their price objective on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Evercore ISI reduced their price target on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Wolfe Research assumed coverage on shares of Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective for the company. Finally, Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Aptiv Price Performance

APTV stock opened at $55.64 on Monday. The firm has a 50 day moving average of $68.62 and a 200-day moving average of $72.11. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $13.08 billion, a P/E ratio of 6.22, a price-to-earnings-growth ratio of 0.52 and a beta of 1.81. Aptiv has a 12 month low of $52.81 and a 12 month high of $91.66.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share. As a group, sell-side analysts predict that Aptiv will post 6.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several large investors have recently modified their holdings of APTV. Capital World Investors purchased a new stake in Aptiv during the 1st quarter valued at $343,760,000. EdgePoint Investment Group Inc. purchased a new stake in shares of Aptiv during the first quarter valued at $335,426,000. Massachusetts Financial Services Co. MA increased its holdings in Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after buying an additional 1,764,844 shares in the last quarter. Ariel Investments LLC purchased a new position in Aptiv in the 1st quarter worth about $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Aptiv by 13.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after purchasing an additional 905,431 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

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.