TD Cowen Raises Aptiv (NYSE:APTV) Price Target to $104.00

Aptiv (NYSE:APTV) had its target price raised by TD Cowen from $94.00 to $104.00 in a report released on Thursday,MarketScreener reports. The firm presently has a “buy” rating on the auto parts company’s stock. TD Cowen’s price objective would suggest a potential upside of 28.87% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Robert W. Baird upped their price objective on shares of Aptiv from $84.00 to $97.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. Wall Street Zen upgraded shares of Aptiv from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Aptiv in a research note on Wednesday. Oppenheimer increased their price target on shares of Aptiv from $88.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Finally, Daiwa Capital Markets increased their price target on shares of Aptiv from $79.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.88.

Aptiv Stock Down 2.4%

Aptiv stock opened at $80.70 on Thursday. The firm has a market cap of $17.57 billion, a PE ratio of 18.47, a P/E/G ratio of 0.92 and a beta of 1.55. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. The firm’s 50 day moving average price is $79.62 and its two-hundred day moving average price is $69.24. Aptiv has a twelve month low of $47.19 and a twelve month high of $88.80.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 EPS. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. On average, research analysts predict that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Activity

In related news, CAO Allan J. Brazier sold 1,000 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the sale, the chief accounting officer directly owned 49,820 shares of the company’s stock, valued at approximately $4,234,700. This represents a 1.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Aptiv

Several large investors have recently bought and sold shares of the stock. State Street Corp raised its stake in Aptiv by 1.2% during the 2nd quarter. State Street Corp now owns 9,754,226 shares of the auto parts company’s stock valued at $665,433,000 after purchasing an additional 111,506 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Aptiv by 242.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock valued at $509,366,000 after purchasing an additional 6,062,438 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Aptiv by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company’s stock valued at $353,085,000 after purchasing an additional 570,930 shares during the last quarter. Alliancebernstein L.P. raised its stake in Aptiv by 9.0% during 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 during the last quarter. Finally, Invesco Ltd. raised its stake in Aptiv by 7.1% during the 2nd quarter. Invesco Ltd. now owns 3,618,847 shares of the auto parts company’s stock valued at $246,878,000 after purchasing an additional 238,880 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.