Analysts Set Aptiv PLC (NYSE:APTV) Price Target at $84.29

Aptiv PLC (NYSE:APTV) has earned an average recommendation of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $84.29.

APTV has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Wells Fargo & Company cut their price objective on Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Wolfe Research assumed coverage on Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price on the stock. Finally, Guggenheim reaffirmed a “buy” rating and set a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th.

Aptiv Stock Down 0.4 %

Shares of Aptiv stock opened at $60.11 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv has a 1-year low of $51.47 and a 1-year high of $91.66. The business’s fifty day moving average price is $58.33 and its two-hundred day moving average price is $65.99. The company has a market capitalization of $14.13 billion, a P/E ratio of 6.71, a PEG ratio of 0.59 and a beta of 1.78.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 14.51% and a net margin of 12.29%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.30 EPS. As a group, research analysts forecast that Aptiv will post 6.15 EPS for the current year.

Institutional Investors Weigh In On Aptiv

Institutional investors have recently modified their holdings of the stock. Crewe Advisors LLC grew its stake in shares of Aptiv by 94.7% in the 2nd 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 in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC grew its position in Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Aptiv during the 2nd quarter valued at $38,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Aptiv in the 3rd quarter valued at $43,000. Institutional investors and hedge funds 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.