StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV - Free Report) in a research report released on Monday. The firm issued a hold rating on the auto parts company's stock.
A number of other research analysts have also issued reports on APTV. Oppenheimer reduced their price target on Aptiv from $147.00 to $83.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Robert W. Baird cut their price objective on Aptiv from $85.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, November 1st. TD Cowen cut their price objective on Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a report on Friday, November 1st. Royal Bank of Canada cut their price objective on Aptiv from $82.00 to $72.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price objective on Aptiv from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.00.
Get Our Latest Stock Analysis on Aptiv
Aptiv Stock Performance
APTV traded down $0.32 during trading on Monday, reaching $55.93. 3,265,336 shares of the company were exchanged, compared to its average volume of 3,095,071. The stock has a market cap of $13.15 billion, a P/E ratio of 6.28, a PEG ratio of 0.50 and a beta of 1.81. The firm has a 50 day moving average of $68.01 and a 200 day moving average of $71.91. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv has a 52 week low of $52.81 and a 52 week high of $91.66.
Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The firm's quarterly revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts forecast that Aptiv will post 6.18 EPS for the current fiscal year.
Institutional Trading of Aptiv
Several large investors have recently made changes to their positions in APTV. Capital World Investors bought a new stake in shares of Aptiv during the 1st quarter worth about $343,760,000. EdgePoint Investment Group Inc. bought a new stake in shares of Aptiv during the 1st quarter worth about $335,426,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock worth $905,681,000 after acquiring an additional 1,764,844 shares in the last quarter. Ariel Investments LLC bought a new stake in shares of Aptiv during the 1st quarter worth about $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company's stock worth $529,212,000 after acquiring an additional 905,431 shares in the last quarter. Institutional investors own 94.21% of the company's stock.
About Aptiv
(
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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.
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