Aptiv (NYSE:APTV) Price Target Lowered to $83.00 at Oppenheimer

Aptiv (NYSE:APTV) had its target price trimmed by Oppenheimer from $147.00 to $83.00 in a report published on Friday, Benzinga reports. The firm currently has an outperform rating on the auto parts company’s stock.

APTV has been the subject of several other reports. JPMorgan Chase & Co. increased their price target on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Barclays cut their price target on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, August 5th. UBS Group reduced their price target on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Robert W. Baird cut their price objective on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.18.

Aptiv Trading Down 0.8 %

NYSE APTV opened at $56.37 on Friday. The firm’s fifty day moving average is $69.58 and its two-hundred day moving average is $72.43. Aptiv has a one year low of $54.70 and a one year high of $91.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.09 and a current ratio of 1.50. The firm has a market cap of $14.98 billion, a PE ratio of 6.29, a P/E/G ratio of 0.52 and a beta of 1.81.

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, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts expect that Aptiv will post 6.23 earnings per share for the current year.

Institutional Investors Weigh In On Aptiv

A number of institutional investors have recently made changes to their positions in APTV. Broderick Brian C boosted its holdings in shares of Aptiv by 0.6% in the 1st quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock valued at $1,731,000 after buying an additional 132 shares during the period. Wolff Wiese Magana LLC lifted its stake in Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Aptiv by 6.2% during the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after acquiring an additional 156 shares during the period. Mather Group LLC. increased its holdings 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 worth $47,000 after acquiring an additional 176 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Aptiv by 16.8% in the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock valued at $88,000 after purchasing an additional 176 shares during the period. 94.21% of the stock is currently owned by institutional investors.

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.