Aptiv (NYSE:APTV) Price Target Cut to $137.00

Aptiv (NYSE:APTVGet Rating) had its target price decreased by Deutsche Bank Aktiengesellschaft from $140.00 to $137.00 in a research note issued to investors on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 34.52% from the stock’s current price.

A number of other equities research analysts have also recently commented on APTV. Bank of America upgraded Aptiv from an “underperform” rating to a “buy” rating and increased their price target for the company from $125.00 to $165.00 in a research note on Wednesday, April 6th. Cowen lowered their price target on Aptiv from $150.00 to $144.00 in a report on Friday. Raymond James lowered their price target on Aptiv from $215.00 to $158.00 in a report on Friday. Wells Fargo & Company raised Aptiv from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $108.00 to $112.00 in a report on Tuesday, April 12th. Finally, Citigroup lowered their price target on Aptiv from $206.00 to $181.00 in a report on Tuesday, April 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $159.50.

Shares of Aptiv stock opened at $101.84 on Monday. The company has a quick ratio of 1.53, a current ratio of 2.60 and a debt-to-equity ratio of 0.76. The company has a market cap of $27.59 billion, a P/E ratio of 85.58, a PEG ratio of 2.16 and a beta of 2.01. The firm’s 50 day moving average price is $111.27 and its 200-day moving average price is $141.19. Aptiv has a 52-week low of $94.75 and a 52-week high of $180.81.

Aptiv (NYSE:APTVGet Rating) last posted its earnings results on Thursday, May 5th. The auto parts company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Aptiv had a net margin of 2.43% and a return on equity of 7.23%. The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. Aptiv’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities research analysts forecast that Aptiv will post 4.24 EPS for the current fiscal year.

In related news, CEO Kevin P. Clark sold 5,830 shares of the stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $109.98, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of APTV. First Trust Advisors LP grew its stake in shares of Aptiv by 41.7% during the 1st quarter. First Trust Advisors LP now owns 43,189 shares of the auto parts company’s stock worth $3,433,000 after purchasing an additional 12,705 shares during the period. Keybank National Association OH grew its stake in shares of Aptiv by 12.4% during the 3rd quarter. Keybank National Association OH now owns 5,414 shares of the auto parts company’s stock worth $807,000 after purchasing an additional 599 shares during the period. Commerce Bank grew its stake in shares of Aptiv by 19.5% during the 3rd quarter. Commerce Bank now owns 8,399 shares of the auto parts company’s stock worth $1,251,000 after purchasing an additional 1,369 shares during the period. We Are One Seven LLC grew its stake in shares of Aptiv by 2.7% during the 3rd quarter. We Are One Seven LLC now owns 3,293 shares of the auto parts company’s stock worth $569,000 after purchasing an additional 86 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of Aptiv by 84.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 323 shares of the auto parts company’s stock worth $70,000 after purchasing an additional 148 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Company Profile (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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