Aptiv (NYSE:APTV) Downgraded to “Buy” Rating by Wall Street Zen

Aptiv (NYSE:APTV) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research firms have also recently weighed in on APTV. Oppenheimer set a $94.00 price objective on shares of Aptiv and gave the stock an “outperform” rating in a research report on Friday, October 31st. Wells Fargo & Company cut their price target on shares of Aptiv from $100.00 to $99.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $101.00 price target on shares of Aptiv in a report on Wednesday, November 19th. Cowen reissued a “buy” rating on shares of Aptiv in a research note on Friday, October 31st. Finally, Robert W. Baird upped their target price on Aptiv from $97.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.63.

Aptiv Trading Up 0.8%

Shares of APTV stock opened at $78.21 on Friday. Aptiv has a 1-year low of $47.19 and a 1-year high of $88.80. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 62.07, a PEG ratio of 0.98 and a beta of 1.51. The stock has a 50-day moving average of $79.90 and a 200-day moving average of $76.48.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.36. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.05 billion. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.83 earnings per share. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS and its Q4 2025 guidance at 1.600-1.900 EPS. On average, equities research analysts forecast that Aptiv will post 7.2 earnings per share for the current year.

Institutional Trading of Aptiv

Several institutional investors and hedge funds have recently modified their holdings of APTV. Kovitz Investment Group Partners LLC bought a new stake in shares of Aptiv in the first quarter valued at $209,000. Cresset Asset Management LLC purchased a new stake in Aptiv in the 1st quarter worth about $201,000. Raymond James Financial Inc. raised its stake in Aptiv by 829.4% in the 1st quarter. Raymond James Financial Inc. now owns 362,034 shares of the auto parts company’s stock valued at $21,541,000 after acquiring an additional 323,081 shares during the period. Credit Agricole S A lifted its holdings in Aptiv by 4.0% during the first quarter. Credit Agricole S A now owns 72,267 shares of the auto parts company’s stock valued at $4,300,000 after purchasing an additional 2,754 shares during the last quarter. Finally, Norinchukin Bank The boosted its position in Aptiv by 9.1% during the first quarter. Norinchukin Bank The now owns 11,833 shares of the auto parts company’s stock worth $704,000 after purchasing an additional 986 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.