Aptiv (NYSE:APTV) Stock Price Target Cut by Morgan Stanley

Aptiv (NYSE:APTV – Get Free Report) had its target price reduced by analysts at Morgan Stanley from $55.00 to $45.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the auto parts company’s stock. Morgan Stanley‘s target price points to a potential upside of 2.85% from the company’s previous close.

Several other brokerages also recently commented on APTV. UBS Group reduced their price target on shares of Aptiv from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. JPMorgan Chase & Co. cut shares of Aptiv from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $65.00 to $56.00 in a research report on Tuesday, September 15th. Barclays lowered their price objective on shares of Aptiv from $60.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday. Zacks Research lowered Aptiv from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Finally, Wells Fargo & Company lowered their price target on Aptiv from $77.00 to $66.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.69.

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Aptiv Trading Up 5.8%

Shares of NYSE APTV traded up $2.41 during mid-day trading on Wednesday, hitting $43.75. 2,285,940 shares of the company traded hands, compared to its average volume of 3,269,188. Aptiv has a 1 year low of $41.11 and a 1 year high of $88.93. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 41.21, a PEG ratio of 0.86 and a beta of 1.43. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average of $44.42 and a two-hundred day moving average of $59.55.

Aptiv (NYSE:APTV – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Aptiv had a return on equity of 17.10% and a net margin of 1.17%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the business posted $2.17 EPS. Aptiv’s revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that Aptiv will post 5.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

A number of institutional investors have recently modified their holdings of the stock. AlphaCore Capital LLC bought a new stake in Aptiv in the 3rd quarter valued at approximately $295,000. Private Management Group Inc. bought a new position in shares of Aptiv during the 3rd quarter worth approximately $29,294,000. Brighton Jones LLC grew its stake in shares of Aptiv by 325.2% during the 3rd quarter. Brighton Jones LLC now owns 18,157 shares of the auto parts company’s stock worth $781,000 after acquiring an additional 13,887 shares in the last quarter. CenterBook Partners LP acquired a new stake in shares of Aptiv in the third quarter valued at approximately $346,000. Finally, Heritage Family Offices LLP acquired a new stake in shares of Aptiv in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv News Roundup

Here are the key news stories impacting Aptiv this week:

About Aptiv

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Aptiv PLC (NYSE: APTV) is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.

The company’s product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.

Further Reading

Analyst Recommendations for Aptiv (NYSE:APTV)

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