Evercore ISI Cuts Aptiv (NYSE:APTV) Price Target to $95.00

Aptiv (NYSE:APTV) had its price target cut by Evercore ISI from $105.00 to $95.00 in a research note published on Monday,Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

Several other brokerages have also recently weighed in on APTV. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and upped their price target for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. TD Cowen lowered their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Bank of America lowered their price target on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. JPMorgan Chase & Co. upped their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Price Performance

Aptiv stock opened at $65.48 on Monday. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06. Aptiv has a 1 year low of $51.47 and a 1 year high of $85.56. The firm has a 50-day moving average of $60.57 and a two-hundred day moving average of $64.09.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, research analysts forecast that Aptiv will post 7.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of APTV. Mather Group LLC. increased its stake in Aptiv by 36.9% during 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 in the last quarter. First Affirmative Financial Network acquired a new stake in shares of Aptiv in the third quarter worth $208,000. Novare Capital Management LLC increased its stake in shares of Aptiv by 0.9% in the third quarter. Novare Capital Management LLC now owns 91,265 shares of the auto parts company’s stock worth $6,572,000 after acquiring an additional 798 shares during the period. First Pacific Financial increased its stake in shares of Aptiv by 12.4% in the third quarter. First Pacific Financial now owns 7,252 shares of the auto parts company’s stock worth $522,000 after acquiring an additional 800 shares during the period. Finally, Sumitomo Life Insurance Co. increased its stake in shares of Aptiv by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 16,490 shares of the auto parts company’s stock worth $1,187,000 after acquiring an additional 445 shares during the period. Institutional investors and hedge funds 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.