Aptiv PLC (NYSE:APTV) Receives $94.88 Average Price Target from Analysts

Shares of Aptiv PLC (NYSE:APTV) have been given an average recommendation of “Moderate Buy” by the seventeen analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $95.44.

APTV has been the subject of a number of analyst reports. Barclays lowered their target price on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Piper Sandler lowered Aptiv from a “neutral” rating to an “underweight” rating and cut their target price for the company from $78.00 to $63.00 in a research note on Wednesday, June 26th. Wolfe Research initiated coverage on Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 target price for the company. Robert W. Baird cut their price target on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, The Goldman Sachs Group decreased their price objective on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of APTV. Riverview Trust Co bought a new position in shares of Aptiv during the 1st quarter worth approximately $25,000. Independence Bank of Kentucky acquired a new position in shares of Aptiv during the 2nd quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Aptiv during the 1st quarter worth about $28,000. Crewe Advisors LLC increased its position in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 215 shares during the last quarter. Finally, Clearstead Trust LLC raised its holdings in Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 305 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Up 2.4 %

NYSE APTV opened at $71.54 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. Aptiv has a 52 week low of $63.62 and a 52 week high of $100.88. The stock has a market capitalization of $19.46 billion, a P/E ratio of 6.74, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. The stock has a fifty day moving average of $69.52 and a 200-day moving average of $73.96.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.16. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 EPS. On average, equities research analysts forecast that Aptiv will post 6.28 EPS for the current year.

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.