Aptiv (NYSE:APTV) Upgraded to “Buy” at HSBC

HSBC upgraded shares of Aptiv (NYSE:APTV) from a hold rating to a buy rating in a report released on Tuesday morning, Marketbeat Ratings reports. HSBC currently has $77.00 target price on the auto parts company’s stock, up from their prior target price of $63.00.

A number of other research analysts have also recently issued reports on APTV. Royal Bank of Canada lowered their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. TD Cowen lowered their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Guggenheim reiterated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Finally, Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $75.00 to $82.00 in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Aptiv presently 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 cap of $14.43 billion, a PE ratio of 6.85, a PEG 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. The business has a 50 day moving average of $59.67 and a 200-day moving average of $64.32. Aptiv has a 52 week low of $51.47 and a 52 week high of $85.56.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Proactive Wealth Strategies LLC acquired a new stake in shares of Aptiv during the third quarter valued at $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after buying an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Aptiv in the 3rd quarter worth about $14,893,000. Shorepath Capital Management LLC boosted its stake in Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after buying an additional 11,835 shares during the last quarter. Finally, National Pension Service boosted its stake in Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after buying an additional 71,633 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

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.