Morgan Stanley Has Lowered Expectations for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price target decreased by Morgan Stanley from $68.00 to $60.00 in a report issued on Thursday,Benzinga reports. Morgan Stanley currently has an underweight rating on the auto parts company’s stock.

Several other research firms also recently issued reports on APTV. Robert W. Baird lowered their price objective on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Wolfe Research assumed coverage on shares of Aptiv in a report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target on the stock. Oppenheimer decreased their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Fox Advisors downgraded Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average target price of $86.53.

Aptiv Price Performance

Shares of NYSE:APTV opened at $52.93 on Thursday. Aptiv has a one year low of $52.14 and a one year high of $91.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 0.47 and a beta of 1.81. The firm has a 50 day simple moving average of $66.50 and a 200 day simple moving average of $71.35.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 EPS. Research analysts predict that Aptiv will post 6.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Institutional investors have recently made changes to their positions in the stock. Independence Bank of Kentucky acquired a new position in shares of Aptiv during the second quarter worth approximately $25,000. Clearstead Trust LLC lifted its stake in shares of Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after buying an additional 305 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after buying an additional 215 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its position in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.