Aptiv (NYSE:APTV) Stock Price Expected to Rise, UBS Group Analyst Says

Aptiv (NYSE:APTV) had its price target lifted by UBS Group from $82.00 to $91.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the auto parts company’s stock. UBS Group’s price target suggests a potential upside of 40.65% from the stock’s current price.

A number of other brokerages have also issued reports on APTV. Royal Bank of Canada decreased their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. TD Cowen decreased their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Wells Fargo & Company boosted their price target on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.78.

Aptiv Stock Up 1.9 %

NYSE:APTV traded up $1.22 on Friday, reaching $64.70. The stock had a trading volume of 459,234 shares, compared to its average volume of 3,364,623. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv has a 12-month low of $51.47 and a 12-month high of $85.56. The company has a 50-day moving average of $60.06 and a 200 day moving average of $64.24. The stock has a market cap of $15.21 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 0.55 and a beta of 1.74.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. On average, research analysts predict that Aptiv will post 6.18 earnings per share for the current year.

Hedge Funds Weigh In On Aptiv

Several hedge funds have recently bought and sold shares of the business. Proactive Wealth Strategies LLC purchased a new position in shares of Aptiv in the third quarter worth about $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after buying an additional 47,215 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Aptiv during the 3rd quarter worth $14,893,000. Shorepath Capital Management LLC boosted its position in shares of Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after acquiring an additional 11,835 shares in the last quarter. Finally, National Pension Service lifted its holdings in shares of Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after purchasing an additional 71,633 shares during the last quarter. 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.