Aptiv PLC (NYSE:APTV) Receives $84.29 Average Price Target from Analysts

Aptiv PLC (NYSE:APTV) has received an average recommendation of “Moderate Buy” from the nineteen ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $84.29.

Several brokerages have recently commented on APTV. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Wells Fargo & Company decreased their target price on shares of Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Wolfe Research began coverage on shares of Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target for the company. Royal Bank of Canada decreased 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, Barclays dropped their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, November 4th.

Institutional Trading of Aptiv

Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Aptiv by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock valued at $22,806,000 after purchasing an additional 3,400 shares during the last quarter. Inspire Trust Co. N.A. increased its holdings in Aptiv by 48.0% in the third quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company’s stock valued at $2,016,000 after buying an additional 9,075 shares during the last quarter. Franklin Resources Inc. raised its stake in Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after buying an additional 1,090,766 shares in the last quarter. Tidal Investments LLC lifted its holdings in Aptiv by 29.7% during the 3rd quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company’s stock worth $1,117,000 after buying an additional 3,553 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Aptiv in the 3rd quarter valued at about $212,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Trading Up 0.4 %

Shares of APTV opened at $60.34 on Thursday. 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 50-day moving average price of $58.53 and a 200 day moving average price of $66.16. Aptiv has a 12-month low of $51.47 and a 12-month high of $91.66. The firm has a market capitalization of $14.18 billion, a P/E ratio of 6.73, a P/E/G ratio of 0.59 and a beta of 1.78.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the firm earned $1.30 EPS. The business’s revenue was down 5.1% compared to the same quarter last year. Sell-side analysts forecast that Aptiv will post 6.15 EPS for the current year.

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.