Aptiv PLC (NYSE:APTV) Receives Average Rating of “Moderate Buy” from Analysts

Aptiv PLC (NYSE:APTV) has earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $85.29.

APTV has been the topic of a number of recent analyst reports. Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Guggenheim lowered their price objective on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. boosted their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st.

Aptiv Stock Performance

NYSE:APTV opened at $55.53 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average of $63.69 and a 200-day moving average of $69.48. Aptiv has a twelve month low of $51.47 and a twelve month high of $91.66. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of 6.20, a price-to-earnings-growth ratio of 0.56 and a beta of 1.81.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion for 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%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 earnings per share. Analysts forecast that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Several institutional investors and hedge funds have recently made changes to their positions in APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Harris Associates L P bought a new stake in Aptiv during the third quarter worth about $162,640,000. Point72 Asset Management L.P. acquired a new stake in shares of Aptiv during the third quarter worth approximately $143,909,000. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after acquiring an additional 1,764,844 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 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.