Robert W. Baird Reiterates $82.00 Price Target for Aptiv (NYSE:APTV)

Aptiv (NYSE:APTV) has been given a $82.00 target price by stock analysts at Robert W. Baird in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has an “outperform” rating on the auto parts company’s stock. Robert W. Baird’s price objective indicates a potential upside of 16.32% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Bank of America upped their target price on Aptiv from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, June 16th. Royal Bank Of Canada increased their price target on Aptiv from $60.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. UBS Group raised their price objective on shares of Aptiv from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Morgan Stanley reduced their target price on Aptiv from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, May 19th. Finally, Wells Fargo & Company lifted their price objective on Aptiv from $85.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.38.

Aptiv Price Performance

APTV stock opened at $70.50 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. Aptiv has a one year low of $47.19 and a one year high of $80.95. The firm has a market capitalization of $15.35 billion, a PE ratio of 11.67, a P/E/G ratio of 0.77 and a beta of 1.46. The firm has a 50-day moving average of $67.76 and a two-hundred day moving average of $63.05.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, analysts forecast that Aptiv will post 7.2 earnings per share for the current year.

Institutional Investors Weigh In On Aptiv

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in shares of Aptiv by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company’s stock worth $16,826,000 after purchasing an additional 9,552 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Aptiv by 89.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company’s stock valued at $1,333,000 after acquiring an additional 10,585 shares during the period. GAMMA Investing LLC raised its stake in Aptiv by 348.2% in the 1st quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company’s stock valued at $164,000 after acquiring an additional 2,138 shares during the period. Diametric Capital LP bought a new stake in Aptiv in the 4th quarter valued at $972,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Aptiv by 8.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company’s stock valued at $28,700,000 after acquiring an additional 35,426 shares during the period. Institutional investors 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.