Aptiv (NYSE:APTV) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Aptiv (NYSE:APTV) from an underweight rating to a neutral rating in a research note published on Thursday morning, MarketBeat reports. They currently have $65.00 price objective on the auto parts company’s stock, up from their prior price objective of $53.00.

A number of other equities analysts have also recently weighed in on APTV. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. raised their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Morgan Stanley cut their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Barclays lowered their target price on Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, StockNews.com assumed coverage on Aptiv in a research note on Wednesday. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.06.

Aptiv Trading Down 0.8 %

Shares of APTV stock opened at $63.40 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $88.89. The firm’s 50 day moving average price is $58.60 and its two-hundred day moving average price is $64.79. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping 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 analysts’ expectations of $5.10 billion. During the same period in the prior year, the company earned $1.30 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. On average, analysts anticipate that Aptiv will post 6.15 EPS for the current year.

Hedge Funds Weigh In On Aptiv

Large investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. raised its position in shares of Aptiv by 1,410.3% during the 3rd 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 period. Wolff Wiese Magana LLC lifted its stake in 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 buying an additional 155 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Aptiv in the third quarter valued at $43,000. Brooklyn Investment Group acquired a new position in shares of Aptiv during the third quarter valued at $43,000. Finally, Mather Group LLC. grew its position in shares of Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 shares during 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.