Evercore ISI Cuts Aptiv (NYSE:APTV) Price Target to $95.00

Aptiv (NYSE:APTV) had its target price lowered by Evercore ISI from $105.00 to $95.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an outperform rating on the auto parts company’s stock.

A number of other research firms have also weighed in on APTV. Oppenheimer boosted their price target on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Royal Bank of Canada boosted their price target on shares of Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. StockNews.com started coverage on shares of Aptiv in a research note on Friday, February 7th. They set a “hold” rating on the stock. Finally, HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and increased their price objective for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $85.61.

Aptiv Stock Up 1.3 %

NYSE:APTV opened at $65.48 on Monday. The firm has a market capitalization of $15.39 billion, a P/E ratio of 9.52, a PEG ratio of 0.54 and a beta of 1.74. Aptiv has a 1-year low of $51.47 and a 1-year high of $85.56. The company’s fifty day moving average price is $60.57 and its 200-day moving average price is $64.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, equities research analysts anticipate that Aptiv will post 7.14 EPS for the current year.

Institutional Investors Weigh In On Aptiv

A number of large investors have recently added to or reduced their stakes in APTV. Proactive Wealth Strategies LLC acquired a new position in Aptiv during the third quarter worth $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after acquiring an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Aptiv in the third quarter valued at about $14,893,000. Shorepath Capital Management LLC boosted its holdings in Aptiv by 21.8% during the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after buying an additional 11,835 shares during the last quarter. Finally, National Pension Service boosted its holdings in Aptiv by 16.6% during the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after buying an additional 71,633 shares during the last quarter. 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.