Aptiv (NYSE:APTV) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Aptiv (NYSE:APTV) in a research note released on Tuesday morning. The firm issued a hold rating on the auto parts company’s stock.

Several other research analysts also recently commented on the company. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Friday, February 7th. Wells Fargo & Company lifted their target price on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. TD Cowen began coverage on Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 target price for the company. Finally, Oppenheimer lifted their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Aptiv Stock Down 1.4 %

APTV stock opened at $63.41 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average price of $63.48 and a two-hundred day moving average price of $63.60. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 0.62 and a beta of 1.78. Aptiv has a twelve month low of $51.47 and a twelve month high of $85.56.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Analysts anticipate that Aptiv will post 7.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of institutional investors have recently modified their holdings of APTV. Brown Brothers Harriman & Co. grew its position in Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in Aptiv during the 4th quarter worth $37,000. Brooklyn Investment Group bought a new stake in Aptiv during the 3rd quarter worth $43,000. CENTRAL TRUST Co grew its position in Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after acquiring an additional 677 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in Aptiv during the 3rd quarter worth $64,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Company Profile

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.