Aptiv (NYSE:APTV) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv (NYSE:APTV) from a hold rating to a buy rating in a research note released on Friday, Marketbeat Ratings reports. The firm currently has $78.00 price target on the auto parts company’s stock.

A number of other analysts have also issued reports on APTV. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $82.00 in a research note on Monday, January 27th. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. StockNews.com assumed coverage on shares of Aptiv in a research report on Friday. They issued a “hold” rating for the company. Bank of America lowered their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Oppenheimer reduced their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.72.

Aptiv Price Performance

NYSE APTV opened at $64.09 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The company has a market cap of $15.06 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 0.55 and a beta of 1.74. Aptiv has a 52 week low of $51.47 and a 52 week high of $85.56. The firm’s 50-day simple moving average is $60.06 and its two-hundred day simple moving average is $64.24.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Research analysts predict that Aptiv will post 6.18 earnings per share for the current year.

Hedge Funds Weigh In On Aptiv

A number of large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its stake in shares of Aptiv by 4.1% during the fourth quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company’s stock valued at $887,000 after buying an additional 577 shares during the last quarter. Marathon Trading Investment Management LLC purchased a new stake in Aptiv during the 4th quarter valued at about $1,289,000. Personal CFO Solutions LLC bought a new position in Aptiv during the 4th quarter worth approximately $677,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Aptiv in the 4th quarter worth approximately $204,000. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in Aptiv by 58.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 100,458 shares of the auto parts company’s stock valued at $6,295,000 after purchasing an additional 36,919 shares during the last quarter. Hedge funds and other institutional investors 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.