Morgan Stanley Downgrades Aptiv (NYSE:APTV) to Underweight

Morgan Stanley downgraded shares of Aptiv (NYSE:APTVFree Report) from an equal weight rating to an underweight rating in a report issued on Wednesday, Marketbeat.com reports. The firm currently has $74.00 price target on the auto parts company’s stock, down from their prior price target of $90.00.

Other equities research analysts have also issued reports about the company. Robert W. Baird lowered Aptiv from an outperform rating to a neutral rating and dropped their price target for the stock from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Barclays lowered their target price on Aptiv from $138.00 to $112.00 and set an overweight rating for the company in a research note on Monday, November 6th. Piper Sandler lowered their target price on Aptiv from $80.00 to $79.00 and set a neutral rating for the company in a research note on Thursday, February 1st. UBS Group lowered their target price on Aptiv from $143.00 to $141.00 and set a buy rating for the company in a research note on Tuesday, October 10th. Finally, Citigroup lowered their target price on Aptiv from $150.00 to $136.00 and set a buy rating for the company in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $115.60.

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Aptiv Stock Performance

Shares of NYSE:APTV opened at $81.98 on Wednesday. The firm has a market capitalization of $22.88 billion, a PE ratio of 7.91, a P/E/G ratio of 1.05 and a beta of 1.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The business has a 50-day moving average of $84.14 and a two-hundred day moving average of $90.80. Aptiv has a 12 month low of $71.01 and a 12 month high of $124.88.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Salem Investment Counselors Inc. lifted its holdings in Aptiv by 176.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after buying an additional 176 shares during the last quarter. West Tower Group LLC bought a new stake in shares of Aptiv in the 2nd quarter worth approximately $29,000. FWL Investment Management LLC bought a new stake in shares of Aptiv in the 4th quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Aptiv in the 4th quarter worth approximately $29,000. Finally, GAMMA Investing LLC bought a new stake in shares of Aptiv in the 4th quarter worth approximately $32,000. Institutional investors own 89.13% of the company’s stock.

About Aptiv

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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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