HSBC Upgrades Aptiv (NYSE:APTV) to “Buy”

Aptiv (NYSE:APTVGet Free Report) was upgraded by HSBC from a “hold” rating to a “buy” rating in a research note issued on Tuesday,Briefing.com Automated Import reports. The brokerage presently has a $77.00 price target on the auto parts company’s stock, up from their previous price target of $63.00. HSBC’s price objective suggests a potential upside of 26.79% from the stock’s previous close.

APTV has been the topic of a number of other research reports. 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. Barclays dropped their price objective on Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Robert W. Baird raised 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 report on Monday, January 27th. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a report on Monday. Finally, TD Cowen reduced their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Check Out Our Latest Research Report on Aptiv

Aptiv Stock Performance

Shares of APTV stock opened at $60.73 on Tuesday. The company has a 50 day moving average price of $59.60 and a 200-day moving average price of $64.40. The firm has a market capitalization of $14.27 billion, a PE ratio of 6.78, a P/E/G ratio of 0.55 and a beta of 1.74. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv has a 52 week low of $51.47 and a 52 week high of $85.56.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. increased 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 valued at $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Aptiv during the 3rd quarter worth about $43,000. Brooklyn Investment Group acquired a new stake in Aptiv in the 3rd quarter valued at about $43,000. Finally, Mather Group LLC. boosted its stake in shares of Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after buying an additional 176 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Company Profile

(Get Free Report)

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.

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