Aptiv (NYSE:APTV) Raised to “Strong-Buy” at Hsbc Global Res

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

Several other equities research analysts have also recently commented on APTV. Royal Bank of Canada cut their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Barclays lowered their price target on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Guggenheim reiterated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Aptiv Trading Up 1.2 %

APTV opened at $61.40 on Tuesday. The stock has a market capitalization of $14.43 billion, a P/E ratio of 6.85, a P/E/G ratio of 0.55 and a beta of 1.74. Aptiv has a 12 month low of $51.47 and a 12 month high of $85.56. The firm’s fifty day simple moving average is $59.67 and its 200 day simple moving average is $64.32. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bryn Mawr Capital Management LLC boosted its holdings in Aptiv by 16.7% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 6,269 shares of the auto parts company’s stock valued at $379,000 after purchasing an additional 898 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Aptiv by 30.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 38,189 shares of the auto parts company’s stock valued at $2,310,000 after purchasing an additional 8,863 shares during the period. RWC Asset Management LLP bought a new stake in Aptiv in the 4th quarter valued at about $2,204,000. South Dakota Investment Council boosted its holdings in Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after purchasing an additional 31,941 shares during the period. Finally, TCW Group Inc. bought a new stake in Aptiv in the 4th quarter valued at about $871,000. 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.