Aptiv (NYSE:APTV) Given New $85.00 Price Target at Oppenheimer

Aptiv (NYSE:APTV) had its price objective upped by equities research analysts at Oppenheimer from $83.00 to $85.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the auto parts company’s stock. Oppenheimer’s target price indicates a potential upside of 32.10% from the stock’s current price.

A number of other research firms also recently commented on APTV. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a report on Monday. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Friday. Royal Bank of Canada lowered their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. UBS Group lifted their target price on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Friday. Finally, Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.89.

Aptiv Price Performance

Shares of NYSE APTV traded up $0.86 during trading on Friday, reaching $64.34. The company had a trading volume of 1,590,284 shares, compared to its average volume of 3,413,845. Aptiv has a twelve month low of $51.47 and a twelve month high of $85.56. The stock has a market capitalization of $15.12 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 0.55 and a beta of 1.74. The stock has a 50-day moving average price of $60.06 and a two-hundred day moving average price of $64.24. 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 (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. As a group, sell-side analysts predict that Aptiv will post 6.18 earnings per share for the current year.

Hedge Funds Weigh In On Aptiv

A number of institutional investors and hedge funds have recently made changes to their positions in APTV. Cetera Investment Advisers increased its stake in shares of Aptiv by 8.8% during the 2nd quarter. Cetera Investment Advisers now owns 35,658 shares of the auto parts company’s stock worth $2,511,000 after purchasing an additional 2,895 shares during the last quarter. Czech National Bank grew its position in Aptiv by 4.4% in the third quarter. Czech National Bank now owns 54,138 shares of the auto parts company’s stock worth $3,898,000 after acquiring an additional 2,293 shares in the last quarter. Mather Group LLC. grew its position in Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 shares in the last quarter. First Affirmative Financial Network purchased a new position in Aptiv in the third quarter worth $208,000. Finally, Exchange Traded Concepts LLC boosted its position in Aptiv by 7.1% during the third quarter. Exchange Traded Concepts LLC now owns 162,370 shares of the auto parts company’s stock valued at $11,692,000 after buying an additional 10,817 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.