Aptiv (NYSE:APTV) Rating Increased to Strong-Buy at Argus

Aptiv (NYSE:APTV) was upgraded by analysts at Argus to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research analysts also recently commented on APTV. Barclays increased their price objective on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. Guggenheim reissued a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. Finally, StockNews.com initiated coverage on Aptiv in a report on Friday, February 7th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.61.

Aptiv Stock Performance

APTV opened at $65.48 on Tuesday. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.54 and a beta of 1.74. The firm’s fifty day simple moving average is $60.75 and its two-hundred day simple moving average is $64.10. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv has a 52-week low of $51.47 and a 52-week high of $85.56.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Equities analysts anticipate that Aptiv will post 7.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

A number of institutional investors and hedge funds have recently made changes to their positions in APTV. Brown Brothers Harriman & Co. increased its holdings in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Aptiv in the fourth quarter valued at $37,000. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv in the 3rd quarter valued at $43,000. Finally, Brooklyn Investment Group acquired a new position in Aptiv during the 3rd quarter worth about $43,000. 94.21% of the stock is owned by hedge funds and other 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.