Aptiv (NYSE:APTV) Given New $54.00 Price Target at The Goldman Sachs Group

Aptiv (NYSE:APTV – Get Free Report) had its price objective lowered by equities research analysts at The Goldman Sachs Group from $61.00 to $54.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the auto parts company’s stock. The Goldman Sachs Group‘s target price suggests a potential upside of 23.73% from the stock’s previous close.

A number of other equities research analysts have also commented on APTV. UBS Group decreased their price objective on Aptiv from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. BNP Paribas Exane restated an “outperform” rating and set a $59.00 price target (down from $63.00) on shares of Aptiv in a report on Wednesday. JPMorgan Chase & Co. downgraded shares of Aptiv from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $65.00 to $56.00 in a research report on Tuesday, September 15th. Evercore reiterated an “outperform” rating and issued a $70.00 target price on shares of Aptiv in a research report on Monday, August 10th. Finally, Barclays decreased their target price on shares of Aptiv from $60.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $70.17.

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Aptiv Trading Up 5.6%

Shares of NYSE APTV traded up $2.30 during mid-day trading on Wednesday, hitting $43.64. 2,185,007 shares of the company traded hands, compared to its average volume of 3,268,472. Aptiv has a 1 year low of $41.11 and a 1 year high of $88.93. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 0.86 and a beta of 1.43. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average of $44.42 and a two-hundred day moving average of $59.55.

Aptiv (NYSE:APTV – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Aptiv had a return on equity of 17.10% and a net margin of 1.17%. Aptiv’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.17 earnings per share. On average, sell-side analysts anticipate that Aptiv will post 5.68 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

A number of institutional investors and hedge funds have recently made changes to their positions in APTV. Allspring Global Investments Holdings LLC grew its position in shares of Aptiv by 3.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,029,539 shares of the auto parts company’s stock valued at $210,371,000 after purchasing an additional 113,633 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Aptiv by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,559,767 shares of the auto parts company’s stock valued at $177,695,000 after acquiring an additional 27,043 shares during the period. First Trust Advisors LP boosted its stake in Aptiv by 23.1% in the 1st quarter. First Trust Advisors LP now owns 2,394,019 shares of the auto parts company’s stock valued at $166,241,000 after buying an additional 449,145 shares in the last quarter. Amundi grew its holdings in shares of Aptiv by 10.2% in the 1st quarter. Amundi now owns 1,690,677 shares of the auto parts company’s stock worth $117,401,000 after purchasing an additional 156,956 shares during the last quarter. Finally, Perpetual Ltd raised its stake in shares of Aptiv by 9.0% in the third quarter. Perpetual Ltd now owns 2,602,895 shares of the auto parts company’s stock valued at $111,977,000 after acquiring an additional 213,977 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv News Summary

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Aptiv Company Profile

(Get Free Report)

Aptiv PLC (NYSE: APTV) is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.

The company’s product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.

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