BNP Paribas Exane reaffirmed their outperform rating on shares of Aptiv (NYSE:APTV – Free Report) in a research note published on Wednesday,Benzinga reports. They currently have a $59.00 price target on the auto parts company’s stock, down from their prior price target of $63.00.
A number of other research analysts have also recently commented on the company. Barclays reduced their price objective on Aptiv from $60.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday. Weiss Ratings lowered Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Zacks Research downgraded Aptiv from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Morgan Stanley downgraded Aptiv from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $71.00 to $55.00 in a report on Wednesday, August 5th. Finally, Evercore reissued an “outperform” rating and set a $70.00 price target on shares of Aptiv in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $69.02.
View Our Latest Research Report on Aptiv
Aptiv Trading Down 3.4%
Shares of APTV stock traded down $1.37 during mid-day trading on Wednesday, reaching $39.48. The company’s stock had a trading volume of 4,079,917 shares, compared to its average volume of 2,583,068. 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 firm has a market capitalization of $8.20 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The company’s 50 day simple moving average is $44.13 and its 200-day simple moving average is $58.97. Aptiv has a 12-month low of $39.40 and a 12-month high of $88.93.
Aptiv (NYSE:APTV – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the company earned $2.17 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. On average, research analysts predict that Aptiv will post 5.65 EPS for the current fiscal year.
Hedge Funds Weigh In On Aptiv
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in Aptiv in the 2nd quarter valued at about $61,065,000. Swedbank AB increased its position in shares of Aptiv by 164.1% during the first quarter. Swedbank AB now owns 1,281,837 shares of the auto parts company’s stock worth $89,011,000 after acquiring an additional 796,480 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new stake in shares of Aptiv during the first quarter worth about $48,166,000. Private Management Group Inc. purchased a new stake in shares of Aptiv during the third quarter worth about $29,294,000. Finally, First Trust Advisors LP lifted its stake in shares of Aptiv by 23.1% in the first quarter. First Trust Advisors LP now owns 2,394,019 shares of the auto parts company’s stock worth $166,241,000 after acquiring an additional 449,145 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.
Aptiv News Summary
Here are the key news stories impacting Aptiv this week:
- Positive Sentiment: Aptiv said it is accelerating its robotics expansion with industry partners, a potential opportunity to broaden growth beyond its core automotive business. Aptiv: Accelerates Robotics Expansion With Industry Partners
- Positive Sentiment: Citigroup lowered its price target to $68 from $77 but maintained a Buy rating; the new target implies 72.2% upside from the cited share price. This signals continued optimism, although the reduced target reflects a more cautious valuation. Citigroup stock recommendations
- Neutral Sentiment: Wall Street analysts are described as moderately optimistic despite Aptiv’s substantial underperformance versus the broader market over the past year. Are Wall Street Analysts Predicting Aptiv Stock Will Climb or Sink?
- Negative Sentiment: Several firms lowered their price targets, including Goldman Sachs, which cut its target to $54, and TD Cowen, which reduced its target to $72. Morgan Stanley and RBC also lowered targets, adding to the cautious tone around valuation. Goldman Sachs lowers Aptiv price target TD Cowen cuts Aptiv price target Morgan Stanley lowers Aptiv price target RBC lowers Aptiv price target
Aptiv Company Profile
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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