Aptiv PLC (NYSE:APTV) Receives $105.08 Consensus Target Price from Brokerages

Aptiv PLC (NYSE:APTV) has received a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $100.92.

A number of analysts recently commented on the stock. Oppenheimer restated an “outperform” rating and set a $145.00 price target on shares of Aptiv in a research note on Tuesday. Wells Fargo & Company decreased their target price on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. The Goldman Sachs Group decreased their target price on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays decreased their target price on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Finally, StockNews.com raised shares of Aptiv from a “hold” rating to a “buy” rating in a report on Thursday, July 4th.

Aptiv Stock Performance

Shares of APTV stock opened at $69.62 on Thursday. The stock has a market capitalization of $18.94 billion, a P/E ratio of 6.56, a PEG ratio of 0.67 and a beta of 1.79. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $77.41 and its 200 day moving average is $78.67. Aptiv has a 12 month low of $65.13 and a 12 month high of $113.60.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. Aptiv’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. On average, sell-side analysts anticipate that Aptiv will post 6.01 earnings per share for the current year.

Insider Activity at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the transaction, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Aptiv

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Aptiv by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock valued at $2,843,905,000 after purchasing an additional 325,550 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Aptiv by 17.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock valued at $854,210,000 after buying an additional 1,405,569 shares during the period. Impax Asset Management Group plc boosted its position in Aptiv by 7.1% during the 4th quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock valued at $651,978,000 after buying an additional 483,157 shares during the period. American Century Companies Inc. boosted its position in Aptiv by 1.1% during the 3rd quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock valued at $496,706,000 after buying an additional 53,288 shares during the period. Finally, Capital World Investors purchased a new stake in Aptiv during the 1st quarter valued at $343,760,000. 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.