Aptiv (NYSE:APTV) Price Target Lowered to $73.00 at Guggenheim

Aptiv (NYSE:APTV) had its price target reduced by Guggenheim from $87.00 to $73.00 in a research report sent to investors on Thursday,Benzinga reports. Guggenheim currently has a buy rating on the auto parts company’s stock.

A number of other brokerages have also issued reports on APTV. Barclays cut their price target on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Wolfe Research initiated coverage on shares of Aptiv in a research note on Thursday, September 5th. They set an “outperform” rating and a $89.00 target price on the stock. Oppenheimer lowered their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Morgan Stanley lowered their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. Finally, Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Price Performance

Shares of NYSE:APTV opened at $53.35 on Thursday. The stock has a market cap of $12.54 billion, a PE ratio of 5.95, a PEG ratio of 0.46 and a beta of 1.81. The company’s fifty day moving average is $65.38 and its 200 day moving average is $70.72. Aptiv has a 52 week low of $51.47 and a 52 week high of $91.66. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 EPS. Research analysts anticipate that Aptiv will post 6.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in APTV. Independence Bank of Kentucky purchased a new position in shares of Aptiv during the second quarter valued at approximately $25,000. Crewe Advisors LLC grew its position in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after buying an additional 215 shares during the period. Brown Brothers Harriman & Co. grew its position in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares during the period. Wolff Wiese Magana LLC grew its position in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in Aptiv during the second quarter valued at approximately $38,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.