Evercore ISI Issues Pessimistic Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its target price lowered by Evercore ISI from $105.00 to $95.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the auto parts company’s stock.

Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company increased their target price on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a report on Friday. TD Cowen reduced their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday. Finally, Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and increased their price target for the company from $53.00 to $65.00 in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Price Performance

Shares of NYSE:APTV opened at $63.96 on Monday. The company’s fifty day moving average price is $60.23 and its 200-day moving average price is $64.15. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.54 and a beta of 1.74. Aptiv has a one year low of $51.47 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, equities research analysts anticipate that Aptiv will post 7.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after acquiring an additional 5,002,090 shares in the last quarter. Harris Associates L P bought a new position in Aptiv during the 3rd quarter worth about $162,640,000. Point72 Asset Management L.P. bought a new position in Aptiv during the 3rd quarter worth about $143,909,000. FMR LLC grew its holdings in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after acquiring an additional 1,090,766 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

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.