Guggenheim Reiterates Buy Rating for Aptiv (NYSE:APTV)

Aptiv (NYSE:APTV)‘s stock had its “buy” rating reaffirmed by equities research analysts at Guggenheim in a research report issued on Thursday,Benzinga reports. They currently have a $73.00 price target on the auto parts company’s stock. Guggenheim’s price target suggests a potential upside of 28.82% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Morgan Stanley lowered their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. StockNews.com started coverage on Aptiv in a research report on Thursday. They set a “hold” rating on the stock. Bank of America lowered their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Price Performance

Shares of NYSE:APTV opened at $56.67 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The business’s fifty day moving average price is $62.46 and its two-hundred day moving average price is $68.85. The stock has a market cap of $13.32 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 0.56 and a beta of 1.78. Aptiv has a one year low of $51.47 and a one year high of $91.66.

Aptiv (NYSE:APTV) last issued its quarterly earnings data 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 business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the business earned $1.30 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. On average, analysts forecast that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Large investors have recently modified their holdings of the stock. Swedbank AB purchased a new stake in Aptiv during the 2nd quarter worth $25,018,000. Proactive Wealth Strategies LLC purchased a new stake in shares of Aptiv during the third quarter worth about $1,815,000. National Pension Service lifted its stake in shares of Aptiv by 16.6% in the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after acquiring an additional 71,633 shares in the last quarter. Mirabella Financial Services LLP grew its stake in Aptiv by 184.8% during the 3rd quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company’s stock valued at $2,711,000 after purchasing an additional 24,432 shares in the last quarter. Finally, BDF Gestion purchased a new stake in Aptiv during the 2nd quarter worth approximately $743,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.