Aptiv (NYSE:APTV) Given New $75.00 Price Target at UBS Group

Aptiv (NYSE:APTV) had its price objective increased by UBS Group from $66.00 to $75.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley lowered their target price on shares of Aptiv from $60.00 to $55.00 and set an “underweight” rating for the company in a research note on Monday, May 19th. Barclays raised their target price on shares of Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Wall Street Zen raised shares of Aptiv to a “hold” rating in a report on Saturday, June 21st. Wolfe Research cut shares of Aptiv from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 2nd. Finally, Bank of America boosted their price target on shares of Aptiv from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and an average price target of $80.38.

Aptiv Trading Up 1.8%

Shares of APTV stock opened at $70.50 on Monday. The stock has a fifty day simple moving average of $67.76 and a two-hundred day simple moving average of $63.05. Aptiv has a 52-week low of $47.19 and a 52-week high of $80.95. The firm has a market capitalization of $15.35 billion, a PE ratio of 11.67, a PEG ratio of 0.77 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.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. On average, analysts predict that Aptiv will post 7.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA raised its stake in Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after acquiring an additional 1,517,104 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Aptiv by 242.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock valued at $509,366,000 after purchasing an additional 6,062,438 shares in the last quarter. FMR LLC lifted its holdings in shares of Aptiv by 1.7% during the 4th quarter. FMR LLC now owns 7,775,251 shares of the auto parts company’s stock valued at $470,247,000 after purchasing an additional 126,882 shares in the last quarter. Franklin Resources Inc. lifted its stake in Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after acquiring an additional 1,408,433 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Aptiv by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company’s stock valued at $353,085,000 after acquiring an additional 570,930 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

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.