Aptiv (NYSE:APTV) Price Target Raised to $86.00 at Wells Fargo & Company

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

Other equities research analysts have also recently issued research reports about the stock. TD Cowen began coverage on shares of Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 target price for the company. Wall Street Zen upgraded shares of Aptiv to a “hold” rating in a research report on Saturday, June 21st. Royal Bank Of Canada increased their target price on shares of Aptiv from $60.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Barclays increased their target price on shares of Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Finally, Guggenheim cut shares of Aptiv from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.61.

Aptiv Trading Up 4.9%

Shares of APTV stock opened at $71.55 on Tuesday. Aptiv has a 52-week low of $47.19 and a 52-week high of $80.95. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 0.76 and a beta of 1.46. 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 firm has a fifty day moving average of $65.13 and a 200-day moving average of $62.24.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Diametric Capital LP bought a new position in Aptiv during the 4th quarter worth approximately $972,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Aptiv by 8.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company’s stock worth $28,700,000 after acquiring an additional 35,426 shares during the last quarter. Johnson Investment Counsel Inc. bought a new position in Aptiv during the 1st quarter worth approximately $305,000. HighTower Advisors LLC boosted its stake in Aptiv by 4.1% during the 4th quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company’s stock worth $887,000 after acquiring an additional 577 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Aptiv during the 4th quarter worth approximately $4,181,000. Institutional investors own 94.21% of the company’s stock.

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.