Aptiv PLC (NYSE:APTV) Receives $105.08 Consensus Price Target from Analysts

Shares of Aptiv PLC (NYSE:APTV) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $100.92.

Several equities research analysts have issued reports on APTV shares. The Goldman Sachs Group cut their price objective on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays cut their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Wells Fargo & Company cut their price objective on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Robert W. Baird raised their target price on shares of Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, Piper Sandler cut shares of Aptiv from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $78.00 to $63.00 in a report on Wednesday, June 26th.

Aptiv Trading Up 0.8 %

Shares of NYSE:APTV opened at $69.62 on Thursday. Aptiv has a 52-week low of $65.13 and a 52-week high of $113.60. The company has a market capitalization of $18.94 billion, a P/E ratio of 6.56, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79. The company has a 50-day simple moving average of $77.41 and a 200 day simple moving average of $78.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. Aptiv’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. Sell-side analysts forecast that Aptiv will post 6.01 earnings per share for the current year.

Insider Activity at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the transaction, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is currently owned by insiders.

Institutional Trading of Aptiv

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Aptiv by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after buying an additional 325,550 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Aptiv by 17.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock worth $854,210,000 after buying an additional 1,405,569 shares during the last quarter. Impax Asset Management Group plc grew its stake in shares of Aptiv by 7.1% during the fourth quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock worth $651,978,000 after buying an additional 483,157 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Aptiv by 1.1% during the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock worth $496,706,000 after buying an additional 53,288 shares during the last quarter. Finally, Capital World Investors acquired a new position in shares of Aptiv during the first quarter worth $343,760,000. 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.