TD Cowen Issues Pessimistic Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price objective decreased by TD Cowen from $95.00 to $74.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. TD Cowen’s price target suggests a potential upside of 30.83% from the stock’s current price.

A number of other research firms have also weighed in on APTV. Barclays lowered their price objective on Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lowered their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday. Robert W. Baird cut their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday. Wolfe Research began coverage on shares of Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective for the company. Finally, UBS Group cut their price target on Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.18.

Aptiv Stock Performance

APTV traded down $0.27 on Friday, reaching $56.56. The stock had a trading volume of 3,993,010 shares, compared to its average volume of 3,031,681. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. Aptiv has a 12-month low of $54.70 and a 12-month high of $91.66. The business’s 50-day moving average price is $69.89 and its two-hundred day moving average price is $72.52. The company has a market cap of $15.03 billion, a P/E ratio of 4.25, a price-to-earnings-growth ratio of 0.63 and a beta of 1.79.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 EPS. Sell-side analysts forecast that Aptiv will post 6.23 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital World Investors acquired a new position in shares of Aptiv during the first quarter worth about $343,760,000. EdgePoint Investment Group Inc. purchased a new stake in shares of Aptiv during the first quarter worth about $335,426,000. Massachusetts Financial Services Co. MA raised its position in shares of Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. Ariel Investments LLC bought a new position in Aptiv during the 1st quarter valued at $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after purchasing an additional 905,431 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.