Aptiv (NYSE:APTV) Rating Increased to Overweight at Barclays

Key Points

• Barclays upgraded Aptiv from an "equal weight" to an "overweight" rating, raising its price target from $85.00 to $105.00, indicating a potential upside of 25.28% from the current stock price.
• Other analysts have also raised their price objectives for Aptiv, with updates from firms like Robert W. Baird and Bank of America, reflecting strong market confidence in the company's performance.
• Aptiv reported $2.12 earnings per share for the last quarter, exceeding expectations and demonstrating revenue growth of 3.1% year-over-year with total revenue of $5.21 billion.

Aptiv (NYSE:APTV - Get Free Report) was upgraded by stock analysts at Barclays from an "equal weight" rating to an "overweight" rating in a report released on Friday, MarketBeat reports. The firm currently has a $105.00 price objective on the auto parts company's stock, up from their prior price objective of $85.00. Barclays's price objective points to a potential upside of 25.28% from the stock's current price.

A number of other analysts have also issued reports on the company. Robert W. Baird boosted their price objective on Aptiv from $84.00 to $97.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. boosted their price objective on Aptiv from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Bank of America upped their target price on Aptiv from $85.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday. UBS Group upped their target price on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Piper Sandler set a $70.00 target price on Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Aptiv presently has an average rating of "Moderate Buy" and an average price target of $85.53.

Aptiv Stock Performance

NYSE:APTV opened at $83.81 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. Aptiv has a 52-week low of $47.19 and a 52-week high of $84.47. The firm has a market cap of $18.25 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 0.91 and a beta of 1.48. The business's fifty day moving average is $73.24 and its 200 day moving average is $66.21.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period in the previous year, the company posted $1.58 EPS. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Research analysts predict that Aptiv will post 7.2 EPS for the current year.

Hedge Funds Weigh In On Aptiv

Several institutional investors have recently modified their holdings of APTV. Zions Bancorporation National Association UT bought a new position in shares of Aptiv during the 1st quarter valued at about $26,000. True Wealth Design LLC increased its position in shares of Aptiv by 83.8% during the 2nd quarter. True Wealth Design LLC now owns 397 shares of the auto parts company's stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. 1248 Management LLC bought a new position in shares of Aptiv during the 1st quarter valued at about $28,000. Geneos Wealth Management Inc. increased its position in shares of Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 398 shares during the last quarter. Finally, Mather Group LLC. boosted 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 valued at $38,000 after acquiring an additional 385 shares during the period. 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.

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