Aptiv (NYSE:APTV) Stock Price Expected to Rise, Barclays Analyst Says

Aptiv (NYSE:APTV - Get Free Report) had its target price hoisted by stock analysts at Barclays from $75.00 to $80.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the auto parts company's stock. Barclays's price target would indicate a potential upside of 23.66% from the company's current price.

Other equities research analysts have also recently issued reports about the stock. Raymond James restated a "market perform" rating on shares of Aptiv in a research report on Monday, February 3rd. Bank of America cut their price objective on shares of Aptiv from $105.00 to $102.00 and set a "buy" rating for the company in a research report on Monday, October 14th. TD Cowen cut their price objective on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Guggenheim restated a "buy" rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Finally, Royal Bank of Canada lifted their price target on shares of Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and an average target price of $85.61.

Aptiv Price Performance

Shares of NYSE APTV traded up $0.71 during mid-day trading on Friday, reaching $64.69. The company's stock had a trading volume of 2,244,957 shares, compared to its average volume of 3,436,139. The stock has a 50-day moving average of $60.39 and a two-hundred day moving average of $64.12. The stock has a market capitalization of $15.21 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.54 and a beta of 1.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53. Aptiv has a 1-year low of $51.47 and a 1-year high of $85.56.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, equities research analysts anticipate that Aptiv will post 7.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its holdings in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after purchasing an additional 409 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in Aptiv by 44.3% during the third 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 in the last quarter. Picton Mahoney Asset Management acquired a new stake in Aptiv during the fourth quarter worth approximately $37,000. Capital Performance Advisors LLP acquired a new stake in Aptiv during the third quarter worth approximately $43,000. Finally, Brooklyn Investment Group acquired a new stake in Aptiv during the third quarter worth approximately $43,000. Hedge funds and other 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.