Aptiv (NYSE:APTV) PT Raised to $113.00 at JPMorgan Chase & Co.

Aptiv (NYSE:APTV) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $107.00 to $113.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 62.15% from the company’s previous close.

A number of other analysts have also recently weighed in on APTV. Morgan Stanley dropped their price objective on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a report on Wednesday, September 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of Aptiv in a report on Tuesday, July 9th. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. The Goldman Sachs Group decreased their target price on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Barclays decreased their target price on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.50.

Aptiv Trading Down 0.6 %

NYSE APTV opened at $69.69 on Monday. Aptiv has a 12 month low of $63.62 and a 12 month high of $92.14. The company has a 50-day moving average of $70.17 and a 200-day moving average of $72.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. The company has a market cap of $18.96 billion, a P/E ratio of 6.57, 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 analysts’ consensus estimates of $1.42 by $0.16. The business had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. As a group, equities analysts predict that Aptiv will post 6.28 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Aptiv during the 3rd quarter worth approximately $11,250,000. Eastern Bank bought a new position in Aptiv during the 3rd quarter worth approximately $1,586,000. Signaturefd LLC boosted its stake in Aptiv by 15.5% during the 3rd quarter. Signaturefd LLC now owns 3,098 shares of the auto parts company’s stock worth $223,000 after acquiring an additional 416 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Aptiv by 4.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,386,232 shares of the auto parts company’s stock worth $171,833,000 after acquiring an additional 108,626 shares during the last quarter. Finally, Slow Capital Inc. boosted its stake in Aptiv by 22.1% during the 3rd quarter. Slow Capital Inc. now owns 33,317 shares of the auto parts company’s stock worth $2,399,000 after acquiring an additional 6,026 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

About Aptiv

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.