Aptiv (NYSE:APTV) Stock Rating Upgraded by Argus

Argus upgraded shares of Aptiv (NYSE:APTV) to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Guggenheim reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Barclays lifted their target price on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. UBS Group boosted their target price on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Price Performance

APTV stock opened at $65.48 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53. The business has a 50-day simple moving average of $60.75 and a two-hundred day simple moving average of $64.10. The company has a market capitalization of $15.39 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74. Aptiv has a 52-week low of $51.47 and a 52-week high of $85.56.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Aptiv will post 7.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of APTV. Brown Brothers Harriman & Co. lifted its position in shares of Aptiv by 1,410.3% during the third 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 in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares during the period. Picton Mahoney Asset Management purchased a new stake in Aptiv during the 4th quarter worth about $37,000. Capital Performance Advisors LLP bought a new position in Aptiv in the 3rd quarter worth about $43,000. Finally, Brooklyn Investment Group purchased a new position in Aptiv during the 3rd quarter valued at about $43,000. 94.21% of the stock is owned by 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.