Aptiv PLC (NYSE:APTV) Receives $87.00 Consensus PT from Analysts

Shares of Aptiv PLC (NYSE:APTV) have received an average rating of “Moderate Buy” from the nineteen analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $87.00.

A number of equities analysts recently issued reports on APTV shares. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. raised their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wolfe Research started coverage on Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target on the stock. Robert W. Baird cut their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Evercore ISI cut their price target on Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th.

Hedge Funds Weigh In On Aptiv

Institutional investors have recently modified their holdings of the business. Independence Bank of Kentucky acquired a new position in shares of Aptiv in the second quarter worth $25,000. Clearstead Trust LLC grew its stake in shares of Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 305 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Aptiv during the second quarter worth $38,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Up 1.1 %

Shares of NYSE APTV opened at $56.26 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 0.52 and a beta of 1.81. The stock has a 50 day moving average price of $68.01 and a 200 day moving average price of $71.90. Aptiv has a 52-week low of $52.81 and a 52-week high of $91.66.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. Aptiv’s revenue was down 5.1% on a year-over-year basis. Sell-side analysts expect that Aptiv will post 6.19 earnings per share for the current year.

About Aptiv

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.