Aptiv (NYSE:APTV) Price Target Increased to $113.00 by Analysts at JPMorgan Chase & Co.

Aptiv (NYSE:APTV) had its price objective increased by JPMorgan Chase & Co. from $107.00 to $113.00 in a research note released on Monday, Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Several other research firms have also recently weighed in on APTV. StockNews.com cut Aptiv from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Piper Sandler cut Aptiv from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $78.00 to $63.00 in a research report on Wednesday, June 26th. Barclays dropped their target price on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Wolfe Research began 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. Finally, Oppenheimer restated an “outperform” rating and issued a $145.00 target price on shares of Aptiv in a research report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.50.

Aptiv Price Performance

Shares of NYSE APTV opened at $68.30 on Monday. The stock has a market capitalization of $18.58 billion, a PE ratio of 6.44, a P/E/G ratio of 0.65 and a beta of 1.79. Aptiv has a fifty-two week low of $63.62 and a fifty-two week high of $91.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. The business has a fifty day moving average price of $70.22 and a two-hundred day moving average price of $72.87.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The business had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the prior year, the business posted $1.25 earnings per share. Aptiv’s revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts predict that Aptiv will post 6.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of Aptiv during the first quarter worth $25,000. Independence Bank of Kentucky acquired a new stake in Aptiv during the 2nd quarter worth about $25,000. Crewe Advisors LLC raised its position in shares of 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 acquiring an additional 215 shares in the last quarter. Clearstead Trust LLC lifted its stake in shares of Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 305 shares during the period. Finally, Mather Group LLC. bought a new stake in shares of Aptiv during the 1st quarter valued at about $33,000. Institutional investors and hedge funds 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.