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      Top 10 Auto parts stock for your portfolio - Stocks Telegraph

      By Shan Zee

      Published on

      December 22, 2020

      1:57 PM UTC

      Top 10 Auto parts stock for your portfolio - Stocks Telegraph

      For most investors, the auto industry was seen to be relatively quiet and boring until ‎recently. Cars are becoming ‎high-tech machines due to the rise of electric vehicles and ‎autonomous driving. Some of the up-and-coming players ‎in the space are becoming really ‎excited about these technologies. A major reason for all this interest in innovative ‎auto ‎stocks is that the nature of the car business is changing. It is no longer sufficient to have a ‎vehicle that ‎performs well mechanically. Besides, you must integrate cutting-edge ‎technology into every facet of that experience ‎as well.‎

      As well, Tesla (NASDAQ: TSLA) saw its stock soar during 2020, with more young EV ‎wannabes following in Tesla’s ‎footsteps in a frenzy of IPOs and SPACs to raise money from ‎an eager public. Even though some of the EV stocks ‎have gotten ahead of themselves in the ‎long term, many haven’t. The market cap of several companies now ‎exceeds billions, ‎despite very little revenue so far.‎‎

      Aptiv PLC (NYSE:APTV) shares were trading down -0.79% at $123.32 at the time of writing ‎on Monday.‎

      Aptiv PLC (NYSE:APTV) share price went from a low point around $29.22 to briefly over ‎‎$125.76 in past 52 weeks, though shares have since pulled back to $123.32. APTV market cap has remained high, ‎hitting $33.46B at the time of writing, giving it price-to-sales ratio of more than 2.‎

      If we look at the recent analyst rating APTV, KeyBanc Capital Markets downgraded ‎coverage on APTV shares with a Sector weight rating and a $120.32 price target, which implies ‎room for -3.0% downside momentum this year.‎

      American Axle & Manufacturing Holdings Inc. (AXL) last closed at $7.73, in a 52-week ‎range of $2.50 to $10.99. Analysts have a consensus price target of $9.00.‎

      BorgWarner Inc. (BWA) stock drop by -0.21% to $38.54. On December 2, 2020, the ‎company reported that it been awarded on Newsweek’s list of America’s Most Responsible Companies 2021. The ‎most recent rating by Wolfe Research, on November 12, 2020, is at a Peer perform.

      Dana Incorporated (NYSE:DAN) Shares headed falling, lower as much as -0.31%. The ‎company on December 7, 2020 declared that it was named one of “America’s Most Responsible Companies 2021” ‎by Newsweek Magazine. The most recent rating by Barclays, on December 17, 2020, is at an Equal weight.

      Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) fall 0.00% after losing more than ‎‎$0.0 on Monday. The firm recently revealed that the it will join the University of Michigan’s TechLab at Mcity ‎‎2021 startup cohort, managed by the Center for Entrepreneurship.‎

      Gentex Corporation (GNTX) last closed at $33.51, in a 52-week range of $19.48 to $34.01. ‎The BOD of the company on December 2, 2020 announce fourth quarter 2020 cash dividend. Analysts have a ‎consensus price target of $34.97.‎

      The Goodyear Tire & Rubber Company (GT) stock drop by -1.44% to $10.29. The company ‎and SafeAI, on December 10, 2020 reported a strategic relationship to incorporate tire intelligence into the ‎programming of autonomous heavy equipment vehicles. The most recent rating by Morgan Stanley, on December ‎‎11, 2020, is at an Equal-weight.‎

      Hyliion Holdings Corp. (NYSE:HYLN) Shares headed falling, lower as much as -1.83%. The ‎most recent rating by Barclays, on December 16, 2020, is at an Overweight.‎

      LKQ Corporation (NASDAQ:LKQ) fall -0.64% after losing more than -$0.23 on ‎Monday.

      QuantumScape Corporation (QS) last closed at $94.90, in a 52-week range of $9.74 to ‎‎$87.50. The company on December 8, 2020 released performance data for its solid-state battery technology. ‎Analysts have a consensus price target of $28.00.‎

      Tenneco Inc. (TEN) stock soar by 0.10% to $9.83. The company on December 9, 2020 ‎revealed that it has been named to Newsweek’s 2021 list of America’s Most Responsible Companies. The most ‎recent rating by JP Morgan, on April 02, 2020, is at a Neutral.

      Westport Fuel Systems Inc. (NASDAQ:WPRT) Shares headed falling, lower as much as -‎‎0.59%. The most recent rating by Lake Street, on May 10, 2019, is at a Buy.

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