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

Aptiv PLC (NYSE:APTV) has earned an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $95.31.

Several equities research analysts have recently commented on APTV shares. Evercore ISI dropped their target price on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. The Goldman Sachs Group decreased their price objective on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Barclays lowered their target price on Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Robert W. Baird cut their price objective on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $74.00 target price on shares of Aptiv in a report on Tuesday, September 10th.

Aptiv Stock Performance

Shares of APTV opened at $71.29 on Friday. Aptiv has a 52 week low of $63.62 and a 52 week high of $99.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a 50 day moving average price of $69.84 and a two-hundred day moving average price of $73.36. The firm has a market capitalization of $18.95 billion, a P/E ratio of 5.38, a P/E/G ratio of 0.65 and a beta of 1.79.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.16. The business had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. Equities analysts forecast that Aptiv will post 6.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Several institutional investors have recently added to or reduced their stakes in the business. Broderick Brian C increased its stake in Aptiv by 0.6% in the first quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock valued at $1,731,000 after purchasing an additional 132 shares during the period. Signaturefd LLC increased its position in Aptiv by 6.2% during the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after purchasing an additional 156 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after buying an additional 176 shares during the last quarter. Crewe Advisors LLC increased its stake in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 215 shares during the last quarter. Finally, Steph & Co. lifted its position in Aptiv by 7.9% during the first quarter. Steph & Co. now owns 3,183 shares of the auto parts company’s stock valued at $254,000 after buying an additional 234 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.