Robert W. Baird Issues Positive Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTVFree Report) had its target price boosted by Robert W. Baird from $70.00 to $75.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

A number of other research firms have also weighed in on APTV. Oppenheimer reduced their target price on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company decreased their target price on shares of Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Bank of America lowered their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Royal Bank of Canada dropped their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com started coverage on Aptiv in a research report on Wednesday. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.06.

Get Our Latest Stock Analysis on Aptiv

Aptiv Price Performance

Shares of NYSE:APTV opened at $63.40 on Thursday. The company has a market capitalization of $14.90 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The firm’s 50 day simple moving average is $58.60 and its two-hundred day simple moving average is $64.79. Aptiv has a 1-year low of $51.47 and a 1-year high of $88.89.

Aptiv (NYSE:APTVGet Free Report) last released its quarterly 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. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the business posted $1.30 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. Research analysts expect that Aptiv will post 6.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently modified their holdings of the business. Wolff Wiese Magana LLC raised its position in shares of 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 during the period. Mather Group LLC. increased its stake in Aptiv by 36.9% in the third 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 during the last quarter. Farther Finance Advisors LLC grew its position in shares of Aptiv by 16.8% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after acquiring an additional 176 shares during the last quarter. Boston Common Asset Management LLC boosted its holdings in Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after purchasing an additional 188 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Aptiv by 4.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock valued at $334,000 after purchasing an additional 218 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Company Profile

(Get Free Report)

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.

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