Aptiv (NYSE:APTV) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV) in a research report report published on Monday. The brokerage issued a hold rating on the auto parts company’s stock.

Several other analysts also recently weighed in on APTV. Guggenheim reiterated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Robert W. Baird cut their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company decreased their price objective on Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Royal Bank of Canada lowered their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price target on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.29.

Aptiv Stock Down 1.6 %

NYSE:APTV opened at $60.81 on Monday. 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 stock has a 50 day moving average of $57.14 and a 200-day moving average of $65.49. The firm has a market capitalization of $14.29 billion, a PE ratio of 6.79, a price-to-earnings-growth ratio of 0.59 and a beta of 1.75. Aptiv has a 52 week low of $51.47 and a 52 week high of $88.89.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The firm 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 was down 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS. Analysts predict that Aptiv will post 6.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. lifted 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 valued at $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Aptiv in the 2nd quarter valued at $38,000. Capital Performance Advisors LLP purchased a new position in Aptiv in the 3rd quarter worth about $43,000. Finally, Brooklyn Investment Group acquired a new stake in Aptiv during the 3rd quarter worth about $43,000. Institutional investors and hedge funds 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.