Aptiv PLC (NYSE:APTV) Given Consensus Recommendation of “Moderate Buy” by Analysts

Aptiv PLC (NYSE:APTV) has received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $87.00.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company upgraded Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $78.00 to $87.00 in a report on Friday, September 20th. UBS Group dropped their target price on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. TD Cowen dropped their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in APTV. Independence Bank of Kentucky purchased a new position in shares of Aptiv in the 2nd quarter valued at approximately $25,000. Crewe Advisors LLC increased its position in Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after buying an additional 215 shares in the last quarter. Clearstead Trust LLC increased its position in Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after buying an additional 305 shares in the last quarter. Wolff Wiese Magana LLC increased its position in Aptiv by 44.3% during the 3rd 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 in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Aptiv during the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of Aptiv stock opened at $55.24 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $14.68 billion, a PE ratio of 6.17, a price-to-earnings-growth ratio of 0.52 and a beta of 1.81. The business’s 50-day moving average price is $68.94 and its 200-day moving average price is $72.23. Aptiv has a 12 month low of $53.96 and a 12 month high of $91.66.

Aptiv (NYSE:APTV) last issued its earnings results 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. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 EPS. Sell-side analysts forecast that Aptiv will post 6.2 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.