Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its target price decreased by Deutsche Bank Aktiengesellschaft from $76.00 to $66.00 in a report released on Friday, Benzinga reports. The firm presently has a “hold” rating on the auto parts company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 16.18% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Bank of America decreased their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Evercore ISI decreased their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. Oppenheimer restated an “outperform” rating and set a $145.00 price objective on shares of Aptiv in a research report on Tuesday, July 9th. Finally, UBS Group reduced their price target on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.06.

Aptiv Stock Down 0.0 %

Shares of NYSE:APTV traded down $0.02 during trading on Friday, reaching $56.81. 3,386,136 shares of the stock traded hands, compared to its average volume of 3,028,819. The stock has a 50-day moving average of $69.89 and a two-hundred day moving average of $72.52. Aptiv has a 52-week low of $54.70 and a 52-week high of $91.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market cap of $15.10 billion, a P/E ratio of 4.29, a price-to-earnings-growth ratio of 0.63 and a beta of 1.79.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the company posted $1.30 earnings per share. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Aptiv will post 6.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Several large investors have recently modified their holdings of APTV. First Trust Direct Indexing L.P. lifted its position in Aptiv by 21.6% during the first quarter. First Trust Direct Indexing L.P. now owns 3,902 shares of the auto parts company’s stock valued at $311,000 after acquiring an additional 692 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Aptiv by 165.2% during the first quarter. BNP Paribas Financial Markets now owns 462,553 shares of the auto parts company’s stock valued at $36,842,000 after acquiring an additional 288,160 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Aptiv by 36.6% during the first quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock valued at $3,818,000 after acquiring an additional 12,835 shares during the last quarter. 1834 Investment Advisors Co. lifted its position in Aptiv by 16.0% during the first quarter. 1834 Investment Advisors Co. now owns 3,710 shares of the auto parts company’s stock valued at $296,000 after acquiring an additional 512 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in Aptiv by 11.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,107 shares of the auto parts company’s stock valued at $646,000 after acquiring an additional 847 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Company Profile

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.