Aptiv (NYSE:APTV) Price Target Cut to $70.00 by Analysts at Wells Fargo & Company

Aptiv (NYSE:APTV) had its price target reduced by Wells Fargo & Company from $74.00 to $70.00 in a report issued on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the auto parts company’s stock.

Several other equities analysts also recently weighed in on the company. Robert W. Baird dropped their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Oppenheimer lowered their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $84.29.

Aptiv Stock Performance

NYSE APTV opened at $58.02 on Monday. The business has a 50 day moving average price of $60.65 and a 200 day moving average price of $67.48. The company has a market capitalization of $13.64 billion, a P/E ratio of 6.48, a PEG ratio of 0.59 and a beta of 1.78. Aptiv has a 1-year low of $51.47 and a 1-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.

Aptiv (NYSE:APTV) last issued its quarterly earnings data 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. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the company earned $1.30 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. Sell-side analysts expect that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its position in Aptiv by 24.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,391 shares of the auto parts company’s stock valued at $732,000 after purchasing an additional 2,043 shares during the period. Nisa Investment Advisors LLC lifted its position in Aptiv by 9.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 22,047 shares of the auto parts company’s stock worth $1,553,000 after acquiring an additional 1,890 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Aptiv by 31.7% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 3,614 shares of the auto parts company’s stock worth $254,000 after acquiring an additional 869 shares in the last quarter. &PARTNERS boosted its holdings in Aptiv by 63.6% in the 2nd quarter. &PARTNERS now owns 14,519 shares of the auto parts company’s stock worth $1,006,000 after acquiring an additional 5,643 shares during the period. Finally, JB Capital LLC grew its position in Aptiv by 5.0% in the second quarter. JB Capital LLC now owns 37,573 shares of the auto parts company’s stock valued at $2,646,000 after acquiring an additional 1,801 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

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.