Aptiv (NYSE:APTV) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Aptiv (NYSE:APTV) had its price target hoisted by equities research analysts at Robert W. Baird from $70.00 to $75.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price target suggests a potential upside of 18.29% from the stock’s current price.

A number of other brokerages have also recently issued reports on APTV. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Morgan Stanley decreased their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Fox Advisors downgraded Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Royal Bank of Canada reduced their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, StockNews.com began coverage on shares of Aptiv in a report on Wednesday. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.06.

Aptiv Stock Down 0.8 %

APTV stock opened at $63.40 on Thursday. The stock’s 50 day simple moving average is $58.39 and its 200 day simple moving average is $64.84. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $88.89. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The company has a market cap of $14.90 billion, a P/E ratio of 7.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate 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 prior year, the business earned $1.30 EPS. On average, research analysts expect that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its stake in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Aptiv during the 3rd quarter valued at approximately $43,000. Brooklyn Investment Group bought a new position in Aptiv during the 3rd quarter valued at approximately $43,000. Finally, Mather Group LLC. boosted its holdings in Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

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.