Brokerages Set Aptiv PLC (NYSE:APTV) Price Target at $85.29

Aptiv PLC (NYSE:APTV) has been assigned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $85.29.

A number of analysts recently issued reports on the company. Wolfe Research started coverage on Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price target for the company. Barclays decreased their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. TD Cowen cut their price objective 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. Finally, Oppenheimer reduced their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st.

Aptiv Price Performance

NYSE APTV opened at $55.71 on Friday. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The company has a market capitalization of $13.09 billion, a PE ratio of 6.22, a price-to-earnings-growth ratio of 0.57 and a beta of 1.78. The business’s fifty day moving average is $63.05 and its 200 day moving average is $69.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. Sell-side analysts predict that Aptiv will post 6.15 earnings per share for the current year.

Institutional Trading of Aptiv

Large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Aptiv by 1,390.6% during the third 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 valued at $386,103,000 after acquiring an additional 5,002,090 shares during the last quarter. Harris Associates L P purchased a new position in shares of Aptiv in the third quarter valued at approximately $162,640,000. Point72 Asset Management L.P. acquired a new position in shares of Aptiv in the third quarter valued at approximately $143,909,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. Finally, FMR LLC increased its stake 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 buying an additional 1,294,670 shares during the period. 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.