Aptiv PLC (NYSE:APTV) Receives $85.29 Average PT from Analysts

Aptiv PLC (NYSE:APTV) has received an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $85.29.

A number of research firms recently weighed in on APTV. Bank of America lowered their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. increased their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Guggenheim restated a “buy” rating and set a $73.00 target price on shares of Aptiv in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Inspire Trust Co. N.A. lifted its stake in Aptiv by 48.0% during the third quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company’s stock worth $2,016,000 after purchasing an additional 9,075 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of 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 buying an additional 1,090,766 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Aptiv by 29.7% in the 3rd quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company’s stock valued at $1,117,000 after buying an additional 3,553 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Aptiv in the 3rd quarter valued at $212,000. Finally, Virtu Financial LLC acquired a new stake in Aptiv during the 3rd quarter worth $783,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $56.91 on Friday. Aptiv has a 52-week low of $51.47 and a 52-week high of $91.66. The business has a fifty day moving average of $62.46 and a two-hundred day moving average of $68.85. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 0.56 and a beta of 1.78. 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 (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 EPS. As a group, research analysts anticipate that Aptiv will post 6.15 earnings per share for the current year.

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.