Aptiv PLC (APTV) Receives Consensus Rating of “Buy” from Brokerages

Aptiv PLC (NYSE:APTV) has been assigned an average recommendation of “Buy” from the twenty-five analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $98.67.

APTV has been the subject of several recent analyst reports. Buckingham Research cut their price objective on Aptiv from $110.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, October 3rd. Citigroup cut their price objective on Aptiv from $112.50 to $99.00 and set a “buy” rating for the company in a report on Friday, October 12th. Macquarie initiated coverage on Aptiv in a report on Monday, October 8th. They set an “outperform” rating for the company. BMO Capital Markets set a $113.00 price objective on Aptiv and gave the stock a “buy” rating in a report on Wednesday, August 1st. Finally, Morgan Stanley boosted their price objective on Aptiv from $79.00 to $81.00 and gave the stock an “underweight” rating in a report on Monday, August 13th.

Shares of NYSE APTV opened at $73.73 on Monday. Aptiv has a 12 month low of $71.66 and a 12 month high of $103.23. The company has a quick ratio of 1.19, a current ratio of 1.55 and a debt-to-equity ratio of 1.08. The stock has a market cap of $19.52 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.04 and a beta of 1.57.



Aptiv (NYSE:APTV) last issued its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.03. Aptiv had a return on equity of 41.16% and a net margin of 8.28%. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Aptiv’s revenue was up 16.8% on a year-over-year basis. Sell-side analysts anticipate that Aptiv will post 5.29 EPS for the current year.

In other Aptiv news, CFO Joseph R. Massaro sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $86.24, for a total value of $241,472.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Susan M. Suver sold 1,174 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total value of $111,530.00. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

A number of hedge funds have recently made changes to their positions in APTV. Senator Investment Group LP lifted its position in Aptiv by 25.0% in the second quarter. Senator Investment Group LP now owns 4,000,000 shares of the auto parts company’s stock valued at $366,520,000 after purchasing an additional 800,000 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Aptiv by 449.8% during the second quarter. Voya Investment Management LLC now owns 893,891 shares of the auto parts company’s stock valued at $81,908,000 after acquiring an additional 731,302 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Aptiv by 67.2% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,069,058 shares of the auto parts company’s stock valued at $97,958,000 after acquiring an additional 429,730 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Aptiv by 10.3% during the second quarter. Wells Fargo & Company MN now owns 3,867,948 shares of the auto parts company’s stock valued at $354,420,000 after acquiring an additional 362,531 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. raised its holdings in shares of Aptiv by 48,343.0% during the second quarter. Nikko Asset Management Americas Inc. now owns 263,530 shares of the auto parts company’s stock valued at $24,147,000 after acquiring an additional 262,986 shares in the last quarter. Hedge funds and other institutional investors own 90.92% of the company’s stock.

About Aptiv

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segments, Signal and Power Solutions; and Advanced Safety and User Experience.

Featured Article: What is an Initial Public Offering (IPO)?

Analyst Recommendations for Aptiv (NYSE:APTV)

Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply