Wall Street Zen Upgrades Aptiv (NYSE:APTV) to Buy

Aptiv (NYSE:APTV) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other research analysts have also commented on the stock. Wells Fargo & Company boosted their price objective on shares of Aptiv from $89.00 to $103.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 9th. Royal Bank Of Canada boosted their price objective on shares of Aptiv from $85.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. UBS Group boosted their price objective on shares of Aptiv from $66.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Barclays upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $85.00 to $105.00 in a research note on Friday, September 12th. Finally, Bank of America boosted their price objective on shares of Aptiv from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $85.53.

Aptiv Price Performance

Shares of APTV opened at $83.11 on Monday. The company has a 50 day moving average price of $73.90 and a 200-day moving average price of $66.57. Aptiv has a fifty-two week low of $47.19 and a fifty-two week high of $84.72. The stock has a market capitalization of $18.10 billion, a PE ratio of 19.02, a PEG ratio of 0.92 and a beta of 1.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. Aptiv’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 EPS. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Equities analysts predict that Aptiv will post 7.2 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

A number of hedge funds and other institutional investors have recently made changes to their positions in APTV. Goldman Sachs Group Inc. increased its stake in shares of Aptiv by 242.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock worth $509,366,000 after acquiring an additional 6,062,438 shares during the period. Boston Partners acquired a new stake in shares of Aptiv in the second quarter worth $220,911,000. Norges Bank purchased a new stake in Aptiv during the second quarter worth $187,652,000. AustralianSuper Pty Ltd purchased a new stake in Aptiv during the first quarter worth $117,260,000. Finally, Pacer Advisors Inc. boosted its holdings in Aptiv by 5,379.7% during the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company’s stock worth $113,489,000 after buying an additional 1,872,571 shares in the last quarter. Institutional investors and hedge funds 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.