Aptiv (NYSE:APTV) Stock Rating Lowered by Morgan Stanley

Aptiv (NYSE:APTVGet Free Report) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report issued on Wednesday, FinViz reports. They presently have a $74.00 price objective on the auto parts company’s stock, down from their previous price objective of $90.00. Morgan Stanley’s price target points to a potential downside of 12.10% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Robert W. Baird downgraded Aptiv from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $105.00 to $96.00 in a research report on Wednesday, January 3rd. Guggenheim dropped their target price on Aptiv from $120.00 to $103.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Wells Fargo & Company boosted their price objective on Aptiv from $79.00 to $84.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Citigroup lowered their price objective on Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Finally, Piper Sandler lowered their price objective on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.60.

Get Our Latest Stock Report on Aptiv

Aptiv Stock Performance

Shares of APTV opened at $84.19 on Wednesday. The company has a market cap of $23.81 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.04 and a beta of 1.93. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $84.21 and a 200-day moving average price of $91.13. Aptiv has a 12-month low of $71.01 and a 12-month high of $124.88.

Institutional Trading of Aptiv

A number of hedge funds and other institutional investors have recently bought and sold shares of APTV. Salem Investment Counselors Inc. grew its position in shares of Aptiv by 176.0% during the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 176 shares in the last quarter. West Tower Group LLC purchased a new stake in shares of Aptiv during the second quarter worth about $29,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Aptiv during the fourth quarter worth about $29,000. FWL Investment Management LLC purchased a new stake in shares of Aptiv during the fourth quarter worth about $30,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Aptiv during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 89.13% of the company’s stock.

Aptiv Company Profile

(Get Free Report)

Aptiv PLC engages in design, manufacture, and sale of vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segments, Signal and Power Solutions, and Advanced Safety and User Experience.

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Analyst Recommendations for Aptiv (NYSE:APTV)

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