Royal Bank Of Canada Raises Aptiv (NYSE:APTV) Price Target to $104.00

Aptiv (NYSE:APTV) had its price target hoisted by analysts at Royal Bank Of Canada from $101.00 to $104.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the auto parts company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 26.00% from the stock’s current price.

Other analysts have also issued reports about the stock. Wells Fargo & Company reduced their price objective on shares of Aptiv from $100.00 to $99.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. BNP Paribas Exane boosted their price target on shares of Aptiv from $100.00 to $107.00 in a research note on Friday, November 21st. UBS Group increased their price objective on shares of Aptiv from $94.00 to $99.00 and gave the stock a “neutral” rating in a research report on Wednesday. Zacks Research upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Finally, Robert W. Baird upped their price target on Aptiv from $97.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $99.05.

Aptiv Trading Down 0.5%

Shares of Aptiv stock traded down $0.39 during mid-day trading on Wednesday, hitting $82.54. The stock had a trading volume of 2,435,298 shares, compared to its average volume of 2,479,559. The firm has a market cap of $17.84 billion, a P/E ratio of 65.51, a price-to-earnings-growth ratio of 1.02 and a beta of 1.50. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average of $78.69 and a two-hundred day moving average of $78.13. Aptiv has a 12-month low of $47.19 and a 12-month high of $88.93.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.36. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.05 billion. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 earnings per share. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS and its Q4 2025 guidance at 1.600-1.900 EPS. Sell-side analysts forecast that Aptiv will post 7.2 earnings per share for the current year.

Insider Activity

In other news, EVP Katherine H. Ramundo sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $85.00, for a total transaction of $425,000.00. Following the completion of the transaction, the executive vice president directly owned 116,959 shares of the company’s stock, valued at approximately $9,941,515. This represents a 4.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Aptiv

Several hedge funds and other institutional investors have recently bought and sold shares of APTV. State Street Corp lifted its stake in Aptiv by 1.2% in the second quarter. State Street Corp now owns 9,754,226 shares of the auto parts company’s stock valued at $665,433,000 after buying an additional 111,506 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Aptiv by 34.2% in the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after buying an additional 1,167,946 shares in the last quarter. Impax Asset Management Group plc grew its stake in shares of Aptiv by 54.5% during the 3rd quarter. Impax Asset Management Group plc now owns 4,523,145 shares of the auto parts company’s stock worth $389,986,000 after purchasing an additional 1,595,276 shares during the period. Boston Partners grew its position in Aptiv by 29.2% during the third quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock worth $361,385,000 after buying an additional 948,327 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Aptiv by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company’s stock valued at $261,381,000 after purchasing an additional 315,824 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Company Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.