Aptiv (NYSE:APTV) Raised to “Neutral” at Piper Sandler

Aptiv (NYSE:APTV) was upgraded by research analysts at Piper Sandler from an “underweight” rating to a “neutral” rating in a research note issued on Thursday, MarketBeat.com reports. The brokerage currently has a $65.00 price objective on the auto parts company’s stock, up from their previous price objective of $53.00. Piper Sandler’s price objective would indicate a potential upside of 2.52% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Bank of America cut their price target on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Guggenheim reiterated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. Barclays cut their price objective on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wells Fargo & Company cut their price objective on shares of Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Morgan Stanley cut their price objective 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. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.06.

Aptiv Trading Down 0.8 %

APTV opened at $63.40 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a market cap of $14.90 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.56 and a beta of 1.75. Aptiv has a 12 month low of $51.47 and a 12 month high of $88.89. The stock has a fifty day moving average price of $58.39 and a 200-day moving average price of $64.84.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 earnings per share. As a group, equities research analysts anticipate that Aptiv will post 6.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. raised its position in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares during the last quarter. Wolff Wiese Magana LLC raised its position in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Aptiv in the third quarter valued at about $43,000. Brooklyn Investment Group acquired a new stake in shares of Aptiv in the third quarter valued at about $43,000. Finally, Mather Group LLC. raised its position in shares of Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after buying an additional 176 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.