Aptiv PLC (NYSE:APTV) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Aptiv PLC (NYSE:APTV) has earned a consensus rating of “Moderate Buy” from the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $84.29.

A number of equities research analysts recently issued reports on the company. Guggenheim restated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Wolfe Research began coverage on shares of Aptiv in a research note on Thursday, September 5th. They set an “outperform” rating and a $89.00 target price for the company. TD Cowen reduced their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, Bank of America dropped their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th.

Hedge Funds Weigh In On Aptiv

Several institutional investors and hedge funds have recently modified their holdings of the stock. Proactive Wealth Strategies LLC purchased a new stake in Aptiv during the third quarter worth $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after acquiring an additional 47,215 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Aptiv in the 3rd quarter worth $14,893,000. National Pension Service increased its holdings in Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after acquiring an additional 71,633 shares in the last quarter. Finally, Mirabella Financial Services LLP lifted its holdings in Aptiv by 184.8% during the third quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company’s stock valued at $2,711,000 after purchasing an additional 24,432 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Trading Up 0.8 %

Shares of APTV opened at $59.95 on Thursday. The stock has a market capitalization of $14.09 billion, a PE ratio of 6.69, a P/E/G ratio of 0.59 and a beta of 1.78. The company’s fifty day moving average is $59.16 and its 200 day moving average is $66.45. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $91.66.

Aptiv (NYSE:APTV) last issued its quarterly earnings data 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 for 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%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 earnings per share. Sell-side analysts expect that Aptiv will post 6.15 earnings per share for the current fiscal year.

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.