Aptiv’s (APTV) “Outperform” Rating Reaffirmed at Oppenheimer

Aptiv (NYSE:APTV)‘s stock had its “outperform” rating reiterated by stock analysts at Oppenheimer in a report issued on Monday, Marketbeat reports. They currently have a $88.00 target price on the auto parts company’s stock, up from their previous target price of $84.00. Oppenheimer’s target price points to a potential upside of 35.81% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada raised their price target on shares of Aptiv from $60.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. UBS Group lifted their target price on Aptiv from $66.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Wolfe Research downgraded Aptiv from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 2nd. Piper Sandler set a $70.00 price target on Aptiv and gave the company a “neutral” rating in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company boosted their price objective on Aptiv from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $81.50.

Aptiv Price Performance

Shares of NYSE:APTV opened at $64.80 on Monday. Aptiv has a twelve month low of $47.19 and a twelve month high of $75.41. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The company has a market cap of $14.11 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.72 and a beta of 1.48. The company’s 50 day moving average is $68.71 and its 200 day moving average is $63.91.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter last year, the company earned $1.58 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts forecast that Aptiv will post 7.2 EPS for the current year.

Institutional Trading of Aptiv

Several institutional investors and hedge funds have recently made changes to their positions in APTV. Goldman Sachs Group Inc. raised its holdings in Aptiv by 242.7% in 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 acquiring an additional 6,062,438 shares during the last quarter. AustralianSuper Pty Ltd purchased a new stake in shares of Aptiv in the first quarter valued at $117,260,000. Pacer Advisors Inc. increased its stake in Aptiv by 5,379.7% in the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company’s stock valued at $113,489,000 after purchasing an additional 1,872,571 shares during the last quarter. Alliancebernstein L.P. lifted its position in Aptiv by 53.6% during the first quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company’s stock worth $209,179,000 after buying an additional 1,227,020 shares during the period. Finally, Paloma Partners Management Co boosted its stake in Aptiv by 968.7% in the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock worth $55,007,000 after buying an additional 824,400 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other 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.