Oppenheimer Cuts Aptiv (NYSE:APTV) Price Target to $83.00

Aptiv (NYSE:APTV) had its price target decreased by Oppenheimer from $147.00 to $83.00 in a research note issued to investors on Friday, Benzinga reports. Oppenheimer currently has an outperform rating on the auto parts company’s stock.

Other analysts have also issued research reports about the company. Royal Bank of Canada cut their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday. Citigroup cut their price objective on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 12th. UBS Group lowered their target price on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Barclays reduced their price target on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, The Goldman Sachs Group dropped their price objective on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $88.18.

Aptiv Stock Performance

NYSE APTV opened at $56.37 on Friday. The stock has a fifty day simple moving average of $69.58 and a 200-day simple moving average of $72.43. The company has a current ratio of 1.50, a quick ratio of 1.09 and a debt-to-equity ratio of 0.91. The stock has a market cap of $14.98 billion, a PE ratio of 6.29, a P/E/G ratio of 0.52 and a beta of 1.81. Aptiv has a twelve month low of $54.70 and a twelve month high of $91.66.

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

Hedge Funds Weigh In On Aptiv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APTV. First Trust Direct Indexing L.P. lifted its position in shares of Aptiv by 21.6% during the 1st quarter. First Trust Direct Indexing L.P. now owns 3,902 shares of the auto parts company’s stock worth $311,000 after buying an additional 692 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Aptiv by 165.2% in the first quarter. BNP Paribas Financial Markets now owns 462,553 shares of the auto parts company’s stock valued at $36,842,000 after acquiring an additional 288,160 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Aptiv by 36.6% during the first quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock worth $3,818,000 after purchasing an additional 12,835 shares during the last quarter. 1834 Investment Advisors Co. increased its position in shares of Aptiv by 16.0% during the first quarter. 1834 Investment Advisors Co. now owns 3,710 shares of the auto parts company’s stock worth $296,000 after purchasing an additional 512 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Aptiv by 11.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,107 shares of the auto parts company’s stock valued at $646,000 after purchasing an additional 847 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

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.