Aptiv PLC (NYSE:APTV) Receives $87.00 Average Target Price from Analysts

Shares of Aptiv PLC (NYSE:APTV) have received an average recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $87.00.

A number of analysts have recently issued reports on the stock. Robert W. Baird cut their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. StockNews.com initiated coverage on Aptiv in a report on Monday. They set a “hold” rating for the company. Wolfe Research began coverage on Aptiv in a research note on Thursday, September 5th. They set an “outperform” rating and a $89.00 target price on the stock. Fox Advisors downgraded Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. increased their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st.

Institutional Trading of Aptiv

Several large investors have recently bought and sold shares of the business. John G Ullman & Associates Inc. raised its stake in Aptiv by 80.2% during the third quarter. John G Ullman & Associates Inc. now owns 16,850 shares of the auto parts company’s stock worth $1,213,000 after acquiring an additional 7,500 shares in the last quarter. First Horizon Advisors Inc. increased its position in Aptiv by 4.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after purchasing an additional 218 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Aptiv by 18.9% in the third quarter. Advisors Asset Management Inc. now owns 9,917 shares of the auto parts company’s stock valued at $714,000 after buying an additional 1,575 shares in the last quarter. Caprock Group LLC grew its stake in shares of Aptiv by 46.0% during the third quarter. Caprock Group LLC now owns 5,423 shares of the auto parts company’s stock worth $391,000 after buying an additional 1,708 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of Aptiv by 3,679.1% during the third quarter. Mizuho Securities USA LLC now owns 792,581 shares of the auto parts company’s stock worth $57,074,000 after buying an additional 771,608 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Trading Up 0.8 %

Aptiv stock opened at $56.38 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The stock has a 50-day simple moving average of $67.69 and a 200 day simple moving average of $71.81. The stock has a market capitalization of $13.25 billion, a P/E ratio of 6.29, a PEG ratio of 0.50 and a beta of 1.81. Aptiv has a 52 week low of $52.81 and a 52 week high of $91.66.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the company posted $1.30 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts expect that Aptiv will post 6.18 earnings per share for the current year.

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.