Aptiv (NYSE:APTV) Price Target Raised to $76.00 at Wells Fargo & Company

Aptiv (NYSE:APTV) had its target price increased by research analysts at Wells Fargo & Company from $70.00 to $76.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 19.23% from the company’s previous close.

APTV has been the topic of a number of other reports. Barclays dropped their price objective on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America decreased their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Morgan Stanley decreased their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Robert W. Baird boosted their price objective on shares of Aptiv from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, TD Cowen decreased their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.06.

Aptiv Trading Up 1.6 %

NYSE APTV opened at $63.74 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The firm’s fifty day moving average price is $58.19 and its 200 day moving average price is $64.84. The company has a market capitalization of $14.98 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 0.55 and a beta of 1.75. Aptiv has a 12 month low of $51.47 and a 12 month high of $88.89.

Aptiv (NYSE:APTV) last posted its 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 firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the firm posted $1.30 EPS. On average, sell-side analysts expect that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. boosted its stake in 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 acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Aptiv by 44.3% during the third 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 during the period. Capital Performance Advisors LLP acquired a new stake in shares of Aptiv during the third quarter worth $43,000. Brooklyn Investment Group acquired a new stake in shares of Aptiv in the 3rd quarter worth about $43,000. Finally, Mather Group LLC. increased its stake in 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 buying an additional 176 shares during the period. 94.21% of the stock is currently owned by institutional investors.

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.