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

Aptiv (NYSE:APTVGet Rating) had its price target reduced by stock analysts at Cowen from $150.00 to $144.00 in a report issued on Friday, Stock Target Advisor reports. Cowen’s target price suggests a potential upside of 40.13% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Piper Sandler cut shares of Aptiv from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $177.00 to $90.00 in a research note on Monday, April 18th. Exane BNP Paribas assumed coverage on shares of Aptiv in a research note on Monday, April 11th. They set an “outperform” rating and a $160.00 target price for the company. StockNews.com started coverage on shares of Aptiv in a research note on Thursday, March 31st. They set a “hold” rating for the company. Barclays decreased their price target on shares of Aptiv from $184.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Finally, Robert W. Baird decreased their price target on shares of Aptiv from $155.00 to $148.00 in a research note on Friday. 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 data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $159.65.

Shares of APTV traded down $1.87 during trading hours on Friday, reaching $102.76. The stock had a trading volume of 20,737 shares, compared to its average volume of 1,559,591. The company has a market cap of $27.84 billion, a P/E ratio of 52.71, a P/E/G ratio of 2.59 and a beta of 2.01. 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 has a 52 week low of $94.75 and a 52 week high of $180.81. The firm has a 50-day moving average of $111.82 and a 200 day moving average of $142.03.

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

In related news, CEO Kevin P. Clark sold 5,830 shares of Aptiv stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $109.98, for a total transaction of $641,183.40. Following the transaction, the chief executive officer now owns 676,822 shares in the company, valued at approximately $74,436,883.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in APTV. Norges Bank purchased a new stake in Aptiv in the 4th quarter worth $545,022,000. Capital International Investors purchased a new stake in Aptiv in the 4th quarter worth $338,312,000. Allspring Global Investments Holdings LLC purchased a new stake in Aptiv in the 4th quarter worth $317,360,000. Capital Research Global Investors lifted its stake in Aptiv by 17.8% in the 3rd quarter. Capital Research Global Investors now owns 9,334,431 shares of the auto parts company’s stock worth $1,390,561,000 after purchasing an additional 1,408,073 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Aptiv in the 1st quarter worth $161,971,000. Institutional investors and hedge funds own 91.08% of the company’s stock.

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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