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

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

Several other research firms also recently weighed in on APTV. Guggenheim reissued a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Barclays lowered their target price on Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Wednesday. Oppenheimer lowered their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, StockNews.com started coverage on Aptiv in a research report on Wednesday. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.06.

Aptiv Stock Performance

Shares of NYSE APTV opened at $63.74 on Thursday. The stock has a 50 day moving average price of $58.19 and a 200 day moving average price of $64.84. Aptiv has a 52 week low of $51.47 and a 52 week high of $88.89. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The stock has a market capitalization of $14.98 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 0.55 and a beta of 1.75.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 earnings per share. Analysts predict that Aptiv will post 6.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several institutional investors and hedge funds have recently bought and sold shares of APTV. Brown Brothers Harriman & Co. lifted its holdings 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 worth $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Aptiv during the 3rd quarter worth approximately $43,000. Brooklyn Investment Group acquired a new stake in Aptiv during the 3rd quarter worth approximately $43,000. Finally, Mather Group LLC. increased 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 purchasing an additional 176 shares during the last quarter. 94.21% of the stock is currently 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.