Aptiv (NYSE:APTV) Price Target Cut to $75.00 by Analysts at Barclays

Aptiv (NYSE:APTV) had its price objective dropped by research analysts at Barclays from $80.00 to $75.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price target points to a potential upside of 18.69% from the company’s current price.

Several other equities analysts also recently commented on APTV. Robert W. Baird lowered their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada reduced their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Bank of America reduced their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Aptiv Stock Performance

Shares of Aptiv stock traded up $1.40 during trading on Wednesday, hitting $63.19. 2,109,143 shares of the stock were exchanged, compared to its average volume of 2,898,592. The stock has a market cap of $14.85 billion, a PE ratio of 7.05, a P/E/G ratio of 0.54 and a beta of 1.75. The stock’s fifty day moving average is $58.06 and its 200 day moving average is $64.86. Aptiv has a 12 month low of $51.47 and a 12 month high of $88.89. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period in the prior year, the firm earned $1.30 earnings per share. The business’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Aptiv will post 6.15 EPS for the current year.

Institutional Trading of Aptiv

Institutional investors have recently modified their holdings of the stock. Proactive Wealth Strategies LLC bought a new stake in shares of Aptiv during the 3rd quarter worth $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after purchasing an additional 47,215 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Aptiv in the 3rd quarter worth about $14,893,000. National Pension Service increased its holdings in Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after purchasing an additional 71,633 shares in the last quarter. Finally, Mirabella Financial Services LLP increased its holdings in Aptiv by 184.8% in the 3rd quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company’s stock worth $2,711,000 after purchasing an additional 24,432 shares in the last quarter. 94.21% of the stock is currently 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.