Aptiv (NYSE:APTV) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a report released on Monday. The firm set a “hold” rating on the auto parts company’s stock.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft lowered their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Evercore ISI dropped their target price on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. Morgan Stanley decreased their price target on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a report on Wednesday, September 25th. Wolfe Research began coverage on shares of Aptiv in a report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective for the company. Finally, Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Two investment 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. According to MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average price target of $87.00.

Aptiv Price Performance

Aptiv stock opened at $56.25 on Monday. 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 firm has a market capitalization of $13.22 billion, a P/E ratio of 6.28, a PEG ratio of 0.48 and a beta of 1.81. Aptiv has a one year low of $52.81 and a one year high of $91.66. The business has a fifty day moving average price of $68.01 and a 200-day moving average price of $71.91.

Aptiv (NYSE:APTV) last released its quarterly earnings results 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 net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the business earned $1.30 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Aptiv will post 6.18 EPS for the current year.

Institutional Investors Weigh In On Aptiv

A number of large investors have recently added to or reduced their stakes in APTV. Capital World Investors bought a new stake in shares of Aptiv in the 1st quarter worth approximately $343,760,000. EdgePoint Investment Group Inc. bought a new position in Aptiv in the 1st quarter worth $335,426,000. Massachusetts Financial Services Co. MA lifted its position in shares of Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after purchasing an additional 1,764,844 shares during the period. Ariel Investments LLC purchased a new position in shares of Aptiv during the first quarter valued at about $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after buying an additional 905,431 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

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.