Aptiv (NYSE:APTV) Hits New 52-Week Low Following Analyst Downgrade

Aptiv PLC (NYSE:APTV) shares reached a new 52-week low on Friday after Morgan Stanley lowered their price target on the stock from $68.00 to $60.00. Morgan Stanley currently has an underweight rating on the stock. Aptiv traded as low as $52.14 and last traded at $52.27, with a volume of 1650102 shares. The stock had previously closed at $54.03.

APTV has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Barclays decreased their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Wolfe Research assumed coverage on Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price for the company. Bank of America cut their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Oppenheimer dropped their target price on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.53.

Institutional Trading of Aptiv

Several institutional investors have recently made changes to their positions in APTV. M&G Plc bought a new position in shares of Aptiv during the 1st quarter worth approximately $8,337,000. Swedbank AB bought a new stake in Aptiv during the second quarter worth $25,018,000. Virtu Financial LLC bought a new stake in Aptiv during the first quarter worth $605,000. Parkside Investments LLC boosted its position in Aptiv by 64.4% in the second quarter. Parkside Investments LLC now owns 101,325 shares of the auto parts company’s stock worth $7,135,000 after purchasing an additional 39,685 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in Aptiv in the 3rd quarter valued at $1,815,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Down 2.0 %

The firm has a 50-day moving average price of $66.50 and a 200-day moving average price of $71.34. 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 stock has a market capitalization of $12.44 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 earnings per share. As a group, equities analysts forecast that Aptiv PLC 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.