Barclays Issues Pessimistic Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its target price lowered by Barclays from $100.00 to $80.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

Several other research firms have also recently issued reports on APTV. TD Cowen decreased their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday. Oppenheimer dropped their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday. Morgan Stanley reduced their price objective on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 25th. Bank of America lowered their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Aptiv Trading Up 0.4 %

Shares of NYSE APTV opened at $56.15 on Monday. Aptiv has a 1-year low of $54.70 and a 1-year high of $91.66. The company has a 50-day moving average of $69.25 and a two-hundred day moving average of $72.34. The company has a market cap of $14.92 billion, a PE ratio of 6.24, a P/E/G ratio of 0.52 and a beta of 1.81. 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 (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 EPS. As a group, equities analysts expect that Aptiv will post 6.2 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

A number of large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after buying an additional 1,764,844 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Aptiv by 13.7% in the 2nd 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 acquiring an additional 905,431 shares in the last quarter. Capital World Investors acquired a new position in Aptiv in the 1st quarter worth $343,760,000. Clearbridge Investments LLC increased its holdings in Aptiv by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after purchasing an additional 131,431 shares in the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new stake in shares of Aptiv in the 1st quarter valued at about $335,426,000. 94.21% of the stock is owned by institutional investors.

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.