Aptiv PLC (APTV) – What Are Investment Firms Thinking About This Stock?

Aptiv PLC (NYSE:APTV) has earned an average recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $69.02.

A number of brokerages recently weighed in on APTV. Barclays cut their price objective on shares of Aptiv from $60.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday. Weiss Ratings lowered shares of Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company decreased their price target on Aptiv from $77.00 to $66.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Evercore reissued an “outperform” rating and issued a $70.00 price objective on shares of Aptiv in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. lowered Aptiv from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $65.00 to $56.00 in a report on Tuesday, September 15th.

Aptiv Stock Performance

Aptiv stock opened at $39.48 on Friday. The stock’s 50-day moving average is $44.13 and its 200-day moving average is $58.97. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.97 and a quick ratio of 1.33. Aptiv has a 12 month low of $39.40 and a 12 month high of $88.93.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Aptiv had a net margin of 4.60% and a return on equity of 15.44%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the company posted $2.17 earnings per share. Aptiv’s revenue was up 2.3% compared to the same quarter last year. Equities analysts anticipate that Aptiv will post 5.64 earnings per share for the current year.

Hedge Funds Weigh In On Aptiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in APTV. Bank of New York Mellon Corp bought a new stake in shares of Aptiv in the 2nd quarter worth approximately $61,065,000. Swedbank AB increased its stake in shares of Aptiv by 164.1% during the first quarter. Swedbank AB now owns 1,281,837 shares of the auto parts company’s stock valued at $89,011,000 after buying an additional 796,480 shares during the period. Cooper Creek Partners Management LLC bought a new position in shares of Aptiv during the first quarter valued at approximately $48,166,000. Private Management Group Inc. bought a new position in shares of Aptiv during the third quarter valued at approximately $29,294,000. Finally, First Trust Advisors LP lifted its stake in Aptiv by 23.1% in the first quarter. First Trust Advisors LP now owns 2,394,019 shares of the auto parts company’s stock worth $166,241,000 after acquiring an additional 449,145 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Key Headlines Impacting Aptiv

Here are the key news stories impacting Aptiv this week:

• Positive Sentiment: Aptiv said it is accelerating its robotics expansion with industry partners, a potential opportunity to broaden growth beyond its core automotive business. Aptiv: Accelerates Robotics Expansion With Industry Partners
• Positive Sentiment: Citigroup lowered its price target to $68 from $77 but maintained a Buy rating; the new target implies 72.2% upside from the cited share price. This signals continued optimism, although the reduced target reflects a more cautious valuation. Citigroup stock recommendations
• Neutral Sentiment: Wall Street analysts are described as moderately optimistic despite Aptiv’s substantial underperformance versus the broader market over the past year. Are Wall Street Analysts Predicting Aptiv Stock Will Climb or Sink?
• Negative Sentiment: Several firms lowered their price targets, including Goldman Sachs, which cut its target to $54, and TD Cowen, which reduced its target to $72. Morgan Stanley and RBC also lowered targets, adding to the cautious tone around valuation. Goldman Sachs lowers Aptiv price target TD Cowen cuts Aptiv price target Morgan Stanley lowers Aptiv price target RBC lowers Aptiv price target

Aptiv Company Profile

Aptiv plc is a global automotive technology supplier that develops software, electrical systems and components for vehicle manufacturers. Its products and services support vehicle connectivity, safety, electrification and automation.

The company’s offerings include vehicle electrical architectures, wiring and connection systems, advanced driver-assistance technologies, and software and computing platforms. Aptiv serves automakers and other customers across multiple regions worldwide.

Aptiv took its current name in 2017, when Delphi Automotive separated its powertrain business, which became Delphi Technologies.