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

Barclays set a $85.00 price target on Aptiv (NYSE:APTV - Free Report) in a research report released on Wednesday, Marketbeat reports. The firm currently has an equal weight rating on the auto parts company's stock.

Other analysts have also issued research reports about the company. Morgan Stanley reduced their target price on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. UBS Group increased their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday. Wall Street Zen upgraded Aptiv to a "hold" rating in a research note on Saturday, June 21st. Royal Bank Of Canada increased their target price on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and a consensus target price of $81.63.

Aptiv Price Performance

APTV stock traded up $0.13 during midday trading on Wednesday, hitting $70.26. The company's stock had a trading volume of 1,594,170 shares, compared to its average volume of 3,373,004. Aptiv has a 12 month low of $47.19 and a 12 month high of $80.95. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.77 and a beta of 1.46. The company has a 50 day moving average of $68.21 and a two-hundred day moving average of $63.14.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results 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 company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the firm posted $1.16 EPS. Aptiv's quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts expect that Aptiv will post 7.2 EPS for the current year.

Institutional Trading of Aptiv

A number of institutional investors have recently made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new position in Aptiv during the first quarter worth $26,000. 1248 Management LLC purchased a new stake in shares of Aptiv in the 1st quarter valued at $28,000. Geneos Wealth Management Inc. raised its holdings in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock valued at $29,000 after buying an additional 398 shares during the period. Mather Group LLC. increased its holdings in Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after purchasing an additional 385 shares during the period. Finally, Eastern Bank acquired a new position in shares of Aptiv during the 1st quarter worth about $39,000. 94.21% of the stock is owned by institutional investors and hedge funds.

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.