Aptiv PLC (NYSE:APTV) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Aptiv PLC (NYSE:APTV) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $85.61.

A number of research firms recently issued reports on APTV. Oppenheimer lifted their price target on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Royal Bank of Canada lifted their price target on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $75.00 to $82.00 in a report on Monday, January 27th. Finally, Argus raised Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th.

Aptiv Stock Up 1.4 %

Shares of NYSE APTV opened at $67.59 on Friday. The stock has a market cap of $15.51 billion, a PE ratio of 9.82, a PEG ratio of 0.62 and a beta of 1.74. The business has a fifty day moving average of $61.67 and a two-hundred day moving average of $64.00. Aptiv has a 52-week low of $51.47 and a 52-week high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities research analysts expect that Aptiv will post 7.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several institutional investors have recently modified their holdings of APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after buying an additional 5,002,090 shares during the period. Harris Associates L P acquired a new position in shares of Aptiv during the 3rd quarter worth about $162,640,000. Point72 Asset Management L.P. acquired a new position in shares of Aptiv during the 3rd quarter worth about $143,909,000. Norges Bank acquired a new position in shares of Aptiv during the 4th quarter worth about $106,492,000. Finally, Pictet Asset Management Holding SA grew its position in shares of Aptiv by 1,018.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock worth $102,262,000 after buying an additional 1,539,724 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.