Cowen Lowers Aptiv (NYSE:APTV) Price Target to $144.00

Aptiv (NYSE:APTVGet Rating) had its target price lowered by investment analysts at Cowen from $150.00 to $144.00 in a research note issued on Friday, The Fly reports. Cowen’s price target would suggest a potential upside of 37.63% from the company’s previous close.

Several other research firms also recently weighed in on APTV. Raymond James decreased their target price on Aptiv from $215.00 to $158.00 in a research report on Friday. Morgan Stanley cut their price target on Aptiv from $200.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, April 6th. Exane BNP Paribas began coverage on Aptiv in a report on Monday, April 11th. They issued an “outperform” rating and a $160.00 price target for the company. BNP Paribas assumed coverage on Aptiv in a report on Monday, April 11th. They issued an “outperform” rating and a $160.00 price target for the company. Finally, StockNews.com assumed coverage on Aptiv in a research note on Thursday, March 31st. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $160.47.

Aptiv stock opened at $104.63 on Friday. The firm has a market cap of $28.35 billion, a price-to-earnings ratio of 53.66, a price-to-earnings-growth ratio of 2.59 and a beta of 2.01. Aptiv has a 52 week low of $94.75 and a 52 week high of $180.81. The business’s 50-day moving average price is $111.82 and its 200 day moving average price is $142.03. The company has a quick ratio of 1.53, a current ratio of 2.01 and a debt-to-equity ratio of 0.47.

Aptiv (NYSE:APTVGet Rating) last posted its earnings results on Thursday, May 5th. The auto parts company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.06 billion. Aptiv had a return on equity of 8.73% and a net margin of 3.78%. Aptiv’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. Equities analysts expect that Aptiv will post 3.8 EPS for the current year.

In related news, CEO Kevin P. Clark sold 5,830 shares of the stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $109.98, for a total value of $641,183.40. Following the transaction, the chief executive officer now directly owns 676,822 shares of the company’s stock, valued at approximately $74,436,883.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.41% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund raised its position in Aptiv by 0.6% in the fourth quarter. New York State Common Retirement Fund now owns 436,749 shares of the auto parts company’s stock valued at $72,042,000 after purchasing an additional 2,406 shares during the period. Gamco Investors INC. ET AL raised its position in Aptiv by 28.3% in the third quarter. Gamco Investors INC. ET AL now owns 38,331 shares of the auto parts company’s stock valued at $5,710,000 after purchasing an additional 8,458 shares during the period. Hartford Investment Management Co. raised its position in Aptiv by 5.0% in the fourth quarter. Hartford Investment Management Co. now owns 31,685 shares of the auto parts company’s stock valued at $5,226,000 after purchasing an additional 1,496 shares during the period. IndexIQ Advisors LLC increased its position in shares of Aptiv by 14.7% during the fourth quarter. IndexIQ Advisors LLC now owns 5,353 shares of the auto parts company’s stock worth $883,000 after acquiring an additional 687 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Aptiv by 15.9% during the fourth quarter. Van ECK Associates Corp now owns 6,460 shares of the auto parts company’s stock worth $1,066,000 after acquiring an additional 887 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

About Aptiv (Get Rating)

Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

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