Aptiv (NYSE:APTV) Price Target Lowered to $55.00 at Morgan Stanley

Aptiv (NYSE:APTV) had its price objective reduced by Morgan Stanley from $60.00 to $55.00 in a research note released on Monday,Benzinga reports. Morgan Stanley currently has an underweight rating on the auto parts company’s stock.

Several other analysts have also issued reports on APTV. Evercore ISI lowered their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. StockNews.com assumed coverage on Aptiv in a research note on Wednesday, May 14th. They set a “hold” rating on the stock. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and boosted their target price for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Guggenheim reduced their target price on Aptiv from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.33.

Aptiv Stock Performance

Shares of APTV opened at $67.34 on Monday. The firm has a market cap of $14.66 billion, a PE ratio of 9.79, a PEG ratio of 0.62 and a beta of 1.44. The stock’s fifty day moving average price is $58.37 and its two-hundred day moving average price is $59.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv has a 1 year low of $47.19 and a 1 year high of $85.35.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share. On average, equities research analysts forecast that Aptiv will post 7.2 EPS for the current year.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. The trade was a 10.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aptiv

Hedge funds and other institutional investors have recently modified their holdings of the stock. Zions Bancorporation National Association UT bought a new position in Aptiv during the 1st quarter valued at approximately $26,000. 1248 Management LLC bought a new position in Aptiv during the 1st quarter valued at approximately $28,000. Picton Mahoney Asset Management bought a new position in Aptiv during the 4th quarter valued at approximately $37,000. Mather Group LLC. raised its position in Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 385 shares during the last quarter. Finally, Eastern Bank bought a new position in Aptiv during the 1st quarter valued at approximately $39,000. 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.