Aptiv (APTV) Stock Rating Reaffirmed by Barclays

Aptiv (NYSE:APTV)‘s stock had its “buy” rating reaffirmed by equities researchers at Barclays in a research report issued on Sunday. They presently have a $104.00 target price on the auto parts company’s stock. Barclays’ target price indicates a potential upside of 11.21% from the stock’s previous close.

Several other research analysts have also commented on APTV. Robert W. Baird reissued an “outperform” rating and set a $128.00 price objective (up previously from $110.00) on shares of Aptiv in a report on Thursday, September 28th. They noted that the move was a valuation call. Wells Fargo & Co boosted their price objective on Aptiv from $105.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. Longbow Research assumed coverage on Aptiv in a report on Friday, January 5th. They set a “buy” rating and a $105.00 price objective for the company. Guggenheim reissued a “buy” rating and set a $104.00 price objective on shares of Aptiv in a report on Wednesday, January 10th. Finally, UBS Group reissued a “buy” rating and set a $102.00 price objective on shares of Aptiv in a report on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $93.33.

Aptiv (NYSE:APTV) traded up $0.42 during mid-day trading on Friday, reaching $93.52. The company’s stock had a trading volume of 2,207,305 shares, compared to its average volume of 1,950,000. Aptiv has a 1-year low of $73.00 and a 1-year high of $94.18. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 1.35. The stock has a market cap of $24,860.00, a price-to-earnings ratio of 18.23, a PEG ratio of 1.68 and a beta of 1.38.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.10. Aptiv had a return on equity of 57.92% and a net margin of 8.00%. The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. Aptiv’s revenue was up 5.9% on a year-over-year basis. sell-side analysts expect that Aptiv will post 4.72 EPS for the current fiscal year.

In related news, Director Frank J. Dellaquila acquired 1,000 shares of the stock in a transaction on Friday, December 15th. The stock was purchased at an average price of $83.88 per share, for a total transaction of $83,880.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin P. Clark acquired 22,500 shares of the stock in a transaction on Wednesday, December 6th. The stock was bought at an average price of $87.88 per share, with a total value of $1,977,300.00. The disclosure for this purchase can be found here. Insiders own 0.31% of the company’s stock.

A number of hedge funds have recently made changes to their positions in APTV. Schwab Charles Investment Management Inc. bought a new stake in Aptiv in the fourth quarter valued at approximately $80,964,000. Vontobel Asset Management Inc. bought a new stake in Aptiv in the fourth quarter valued at approximately $65,345,000. Bank of Montreal Can bought a new stake in Aptiv in the fourth quarter valued at approximately $52,667,000. Stralem & Co. Inc. bought a new stake in Aptiv in the fourth quarter valued at approximately $20,923,000. Finally, American National Bank bought a new stake in Aptiv in the fourth quarter valued at approximately $3,632,000. Hedge funds and other institutional investors own 90.89% of the company’s stock.

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About Aptiv

Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.

Analyst Recommendations for Aptiv (NYSE:APTV)

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