Aptiv (NYSE:APTV) Price Target Cut to $95.00 by Analysts at Evercore ISI

Aptiv (NYSE:APTV) had its price target reduced by Evercore ISI from $105.00 to $95.00 in a report published on Monday,Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

Other equities analysts have also issued research reports about the stock. Barclays boosted their target price on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday. Raymond James restated a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Friday. Finally, StockNews.com began coverage on shares of Aptiv in a research note on Friday. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Price Performance

Shares of NYSE:APTV opened at $63.96 on Monday. The firm has a market cap of $15.03 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74. The firm’s fifty day moving average is $60.23 and its 200-day moving average is $64.15. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53. Aptiv has a 52 week low of $51.47 and a 52 week high of $85.56.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Sell-side analysts predict that Aptiv will post 7.14 earnings per share for the current year.

Institutional Trading of Aptiv

Institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. increased its holdings in Aptiv by 1,410.3% during the 3rd 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 during the period. Wolff Wiese Magana LLC increased 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 period. Picton Mahoney Asset Management bought a new stake in Aptiv during the 4th quarter worth approximately $37,000. Capital Performance Advisors LLP bought a new stake in Aptiv during the 3rd quarter worth approximately $43,000. Finally, Brooklyn Investment Group bought a new stake in Aptiv during the 3rd quarter worth approximately $43,000. 94.21% of the stock is currently owned by hedge funds and other 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.