Aptiv (NYSE:APTV) Raised to Neutral at Piper Sandler

Aptiv (NYSE:APTV) was upgraded by research analysts at Piper Sandler from an “underweight” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat reports. The brokerage currently has a $65.00 target price on the auto parts company’s stock, up from their previous target price of $53.00. Piper Sandler’s target price would suggest a potential upside of 3.59% from the stock’s previous close.

Several other analysts have also issued reports on APTV. Oppenheimer dropped their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. TD Cowen dropped their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company dropped their price objective on Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Morgan Stanley dropped their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Finally, Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.71.

Aptiv Stock Up 1.6 %

APTV stock opened at $62.75 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 stock has a market capitalization of $14.75 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.55 and a beta of 1.75. The business has a 50-day moving average of $58.19 and a 200-day moving average of $64.84. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $88.89.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share 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 analysts’ expectations of $5.10 billion. During the same period in the prior year, the firm earned $1.30 earnings per share. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. grew its position in shares of Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares during the last quarter. Wolff Wiese Magana LLC grew its position in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Aptiv in the 3rd quarter valued at about $43,000. Brooklyn Investment Group bought a new stake in shares of Aptiv in the 3rd quarter valued at about $43,000. Finally, Mather Group LLC. grew its position in shares of Aptiv by 36.9% in 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 last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

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.