TD Cowen Issues Pessimistic Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price target decreased by investment analysts at TD Cowen from $95.00 to $74.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the auto parts company’s stock. TD Cowen’s price target would suggest a potential upside of 31.28% from the stock’s current price.

APTV has been the subject of a number of other research reports. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Barclays cut their price objective on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Wolfe Research started coverage on shares of Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.18.

Aptiv Trading Down 0.8 %

NYSE:APTV opened at $56.37 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. Aptiv has a 12 month low of $54.70 and a 12 month high of $91.66. The company has a market cap of $14.98 billion, a PE ratio of 4.26, a price-to-earnings-growth ratio of 0.63 and a beta of 1.79. The company has a 50 day simple moving average of $69.58 and a two-hundred day simple moving average of $72.41.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. Research analysts forecast that Aptiv will post 6.23 earnings per share for the current year.

Institutional Trading of Aptiv

Hedge funds have recently bought and sold shares of the stock. Independence Bank of Kentucky purchased a new stake in Aptiv in the 2nd quarter worth $25,000. Clearstead Trust LLC lifted its stake in Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 305 shares in the last quarter. Crewe Advisors LLC lifted its stake in Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in Aptiv in the 2nd quarter worth $38,000. Hedge funds and other 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.