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

Aptiv PLC (NYSE:APTV) has been assigned an average rating of “Moderate Buy” from the nineteen research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $84.29.

A number of research firms recently weighed in on APTV. Barclays lowered their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Morgan Stanley lowered their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Robert W. Baird decreased their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st.

Aptiv Stock Down 0.2 %

APTV stock opened at $61.19 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv has a 1 year low of $51.47 and a 1 year high of $88.89. The company has a fifty day simple moving average of $57.85 and a 200 day simple moving average of $65.01. The firm has a market cap of $14.38 billion, a PE ratio of 6.83, a PEG ratio of 0.53 and a beta of 1.75.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The business 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 quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 EPS. Sell-side analysts anticipate that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC grew its holdings in Aptiv by 44.3% during the 3rd 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 during the last quarter. Mather Group LLC. lifted its position in shares of Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 176 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Aptiv by 16.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after purchasing an additional 176 shares during the period. Boston Common Asset Management LLC lifted its position in shares of Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock worth $249,000 after purchasing an additional 188 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of Aptiv by 4.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after purchasing an additional 218 shares during the period. 94.21% of the stock is owned by institutional investors.

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.