Brokerages Set Aptiv PLC (NYSE:APTV) Target Price at $87.00

Shares of Aptiv PLC (NYSE:APTV) have been given an average rating of “Moderate Buy” by the nineteen research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $87.00.

Several research analysts have issued reports on APTV shares. TD Cowen reduced their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Morgan Stanley decreased their price target on Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a report on Wednesday, September 25th. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $78.00 to $87.00 in a report on Friday, September 20th. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Royal Bank of Canada dropped their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st.

Institutional Trading of Aptiv

A number of institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its stake in Aptiv by 36.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock valued at $3,818,000 after buying an additional 12,835 shares during the last quarter. Hemenway Trust Co LLC raised its holdings in Aptiv by 25.2% during the first quarter. Hemenway Trust Co LLC now owns 55,968 shares of the auto parts company’s stock worth $4,458,000 after acquiring an additional 11,270 shares in the last quarter. M&G Plc acquired a new position in shares of Aptiv during the 1st quarter worth approximately $8,337,000. Sei Investments Co. raised its stake in shares of Aptiv by 9.5% during the 1st quarter. Sei Investments Co. now owns 287,781 shares of the auto parts company’s stock worth $22,926,000 after purchasing an additional 25,003 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of Aptiv in the 2nd quarter valued at approximately $25,018,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $56.38 on Wednesday. The business has a fifty day moving average of $67.69 and a 200-day moving average of $71.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv has a twelve month low of $52.81 and a twelve month high of $91.66. The firm has a market cap of $13.25 billion, a PE ratio of 6.29, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81.

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, beating the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the company posted $1.30 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts predict that Aptiv will post 6.18 EPS for the current fiscal year.

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.