Aptiv (NYSE:APTV) Price Target Raised to $86.00

Aptiv (NYSE:APTV) had its target price raised by Wells Fargo & Company from $85.00 to $86.00 in a research report report published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the auto parts company’s stock.

Several other brokerages also recently commented on APTV. Barclays raised their target price on shares of Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Bank of America lifted their price objective on shares of Aptiv from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, June 16th. Robert W. Baird lowered their price objective on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Wall Street Zen upgraded shares of Aptiv to a “hold” rating in a report on Saturday, June 21st. Finally, Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the company a “neutral” rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and a consensus target price of $81.61.

Aptiv Stock Performance

Shares of APTV stock opened at $71.55 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61. The company has a market capitalization of $15.58 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 0.76 and a beta of 1.46. The company’s 50 day moving average price is $65.13 and its two-hundred day moving average price is $62.24. Aptiv has a 52 week low of $47.19 and a 52 week high of $80.95.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company posted $1.16 EPS. On average, analysts expect that Aptiv will post 7.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its position in Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after purchasing an additional 1,517,104 shares during the period. Goldman Sachs Group Inc. boosted its position in Aptiv by 242.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock worth $509,366,000 after purchasing an additional 6,062,438 shares during the period. FMR LLC boosted its position in Aptiv by 1.7% during the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company’s stock worth $470,247,000 after purchasing an additional 126,882 shares during the period. Franklin Resources Inc. boosted its position in Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after purchasing an additional 1,408,433 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Aptiv by 10.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company’s stock valued at $353,085,000 after acquiring an additional 570,930 shares during the period. 94.21% of the stock is owned by institutional investors.

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.