Deutsche Bank Aktiengesellschaft Cuts Aptiv (NYSE:APTV) Price Target to $66.00

Aptiv (NYSE:APTV) had its price target cut by Deutsche Bank Aktiengesellschaft from $76.00 to $66.00 in a research report report published on Friday morning, Benzinga reports. They currently have a hold rating on the auto parts company’s stock.

A number of other research analysts have also recently issued reports on the company. Citigroup decreased their target price on Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Nomura Securities upgraded Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Wolfe Research initiated coverage on shares of Aptiv in a report on Thursday, September 5th. They set an “outperform” rating and a $89.00 target price on the stock. UBS Group reduced their price target on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Evercore ISI dropped their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.18.

Aptiv Stock Down 0.8 %

Aptiv stock opened at $56.37 on Friday. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 0.52 and a beta of 1.81. The company’s 50 day simple moving average is $69.58 and its 200 day simple moving average is $72.43. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.09. Aptiv has a fifty-two week low of $54.70 and a fifty-two week high of $91.66.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period last year, the firm posted $1.30 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Aptiv will post 6.23 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Capital World Investors acquired a new stake in shares of Aptiv in the 1st quarter valued at approximately $343,760,000. EdgePoint Investment Group Inc. acquired a new stake in Aptiv in the first quarter valued at $335,426,000. Massachusetts Financial Services Co. MA increased its stake in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after purchasing an additional 1,764,844 shares during the last quarter. Ariel Investments LLC bought a new stake in shares of Aptiv in the 1st quarter valued at about $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Aptiv by 13.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after purchasing an additional 905,431 shares during the last quarter. 94.21% of the stock is currently 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.