Aptiv PLC (NYSE:APTV) Receives $84.29 Consensus Price Target from Brokerages

Shares of Aptiv PLC (NYSE:APTV) have been assigned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $84.29.

Several analysts have weighed in on APTV shares. Morgan Stanley dropped their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. TD Cowen dropped their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Guggenheim reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Finally, Oppenheimer reduced their target price 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.

Institutional Investors Weigh In On Aptiv

Institutional investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC lifted its position in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares in the last quarter. Signaturefd LLC grew its stake in Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after acquiring an additional 156 shares in the last quarter. Mather Group LLC. raised its holdings in Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after acquiring an additional 176 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Aptiv by 16.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after purchasing an additional 176 shares during the last quarter. Finally, Crewe Advisors LLC grew its position in shares of Aptiv by 94.7% in the second 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 in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of APTV opened at $60.34 on Thursday. Aptiv has a 12 month low of $51.47 and a 12 month high of $91.66. The stock has a fifty day moving average price of $58.53 and a 200-day moving average price of $66.16. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a market cap of $14.18 billion, a PE ratio of 6.73, a P/E/G ratio of 0.59 and a beta of 1.78.

Aptiv (NYSE:APTV) last issued 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. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the company earned $1.30 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. Equities research analysts predict that Aptiv will post 6.15 earnings per share for the current fiscal year.

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.