Morgan Stanley Issues Positive Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its target price increased by Morgan Stanley from $55.00 to $60.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has an underweight rating on the auto parts company’s stock.

APTV has been the topic of several other reports. JPMorgan Chase & Co. upped their price objective on Aptiv from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Bank of America upped their price objective on Aptiv from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, June 16th. Guggenheim lowered Aptiv from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 4th. Oppenheimer reiterated an “outperform” rating and issued a $88.00 price objective (up from $84.00) on shares of Aptiv in a research note on Monday, August 4th. Finally, Wolfe Research lowered Aptiv from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.81.

Aptiv Price Performance

Shares of NYSE:APTV opened at $71.52 on Tuesday. The business has a 50 day moving average price of $68.73 and a 200 day moving average price of $64.07. Aptiv has a twelve month low of $47.19 and a twelve month high of $75.41. The company has a market cap of $15.58 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 0.75 and a beta of 1.48. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 EPS. Research analysts predict that Aptiv will post 7.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Stephens Inc. AR boosted its position in Aptiv by 3.9% in the 2nd quarter. Stephens Inc. AR now owns 4,096 shares of the auto parts company’s stock valued at $279,000 after buying an additional 155 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Aptiv by 1.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company’s stock valued at $581,000 after buying an additional 160 shares during the last quarter. AlTi Global Inc. boosted its position in Aptiv by 1.6% in the 1st quarter. AlTi Global Inc. now owns 10,677 shares of the auto parts company’s stock valued at $635,000 after buying an additional 173 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Aptiv by 18.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,148 shares of the auto parts company’s stock valued at $78,000 after buying an additional 179 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in shares of Aptiv by 83.8% in the 2nd quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 181 shares during the period. 94.21% of the stock is currently owned by institutional investors.

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.