Guggenheim Cuts Aptiv (NYSE:APTV) Price Target to $73.00

Aptiv (NYSE:APTV) had its price objective decreased by Guggenheim from $87.00 to $73.00 in a research note released on Thursday,Benzinga reports. Guggenheim currently has a buy rating on the auto parts company’s stock.

Several other research firms also recently issued reports on APTV. Oppenheimer decreased their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Wolfe Research initiated coverage on shares of Aptiv in a report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target for the company. Morgan Stanley dropped their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company upgraded Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Finally, Bank of America dropped their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.29.

Aptiv Trading Up 1.9 %

Aptiv stock opened at $54.38 on Thursday. Aptiv has a one year low of $51.47 and a one year high of $91.66. The company’s fifty day moving average price is $65.09 and its two-hundred day moving average price is $70.43. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 6.07, a PEG ratio of 0.48 and a beta of 1.81.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts forecast that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of APTV. Independence Bank of Kentucky acquired a new stake in shares of Aptiv during the second quarter worth approximately $25,000. Crewe Advisors LLC raised its position in Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the last quarter. Wolff Wiese Magana LLC lifted its position in Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Aptiv during the 2nd quarter worth about $38,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Company Profile

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.