Aptiv (NYSE:APTV) Upgraded to Outperform at Robert W. Baird

Aptiv (NYSE:APTV) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued on Monday, MarketBeat.com reports. The firm currently has a $82.00 price target on the auto parts company’s stock, up from their previous price target of $75.00. Robert W. Baird’s price objective points to a potential upside of 29.33% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Barclays reduced their price target on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Oppenheimer lowered their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Bank of America decreased their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. JPMorgan Chase & Co. increased their price objective on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, StockNews.com began coverage on shares of Aptiv in a research note on Wednesday, January 22nd. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.47.

Aptiv Trading Down 0.8 %

Shares of NYSE:APTV opened at $63.40 on Monday. The business’s 50 day simple moving average is $58.60 and its 200 day simple moving average is $64.76. The company has a market capitalization of $14.90 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.56 and a beta of 1.75. 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 $88.89.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 earnings per share. On average, research analysts anticipate that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its position in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in Aptiv by 44.3% in 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. Capital Performance Advisors LLP bought a new position in shares of Aptiv during the 3rd quarter worth approximately $43,000. Brooklyn Investment Group bought a new stake in shares of Aptiv in the 3rd quarter valued at $43,000. Finally, Mather Group LLC. lifted its position in shares of Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after acquiring an additional 176 shares during the period. 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.