Aptiv (NYSE:APTV) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV - Free Report) in a research note published on Thursday morning. The firm issued a hold rating on the auto parts company's stock.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada cut their target price on Aptiv from $82.00 to $72.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Wolfe Research began coverage on Aptiv in a research note on Thursday, September 5th. They issued an "outperform" rating and a $89.00 price objective on the stock. Nomura Securities raised Aptiv from a "strong sell" rating to a "hold" rating in a report on Monday, August 19th. Finally, Bank of America lowered their price target on Aptiv from $105.00 to $102.00 and set a "buy" rating on the stock in a report on Monday, October 14th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $85.29.

Aptiv Price Performance

Shares of Aptiv stock traded up $0.50 during midday trading on Thursday, hitting $56.91. 3,383,147 shares of the company traded hands, compared to its average volume of 3,155,872. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.56 and a beta of 1.78. Aptiv has a 12 month low of $51.47 and a 12 month high of $91.66. The firm's fifty day moving average price is $62.77 and its 200-day moving average price is $68.93.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the business earned $1.30 EPS. The business's quarterly revenue was down 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Aptiv will post 6.15 earnings per share for the current year.

Institutional Investors Weigh In On Aptiv

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers grew its position in Aptiv by 196.5% during the first quarter. Cetera Investment Advisers now owns 32,763 shares of the auto parts company's stock valued at $2,610,000 after buying an additional 21,712 shares during the period. Cetera Advisors LLC bought a new stake in Aptiv in the first quarter worth $383,000. GAMMA Investing LLC grew its stake in shares of Aptiv by 146.9% during the second quarter. GAMMA Investing LLC now owns 1,005 shares of the auto parts company's stock valued at $71,000 after buying an additional 598 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Aptiv in the second quarter worth $350,000. Finally, Park Avenue Securities LLC boosted its position in Aptiv by 9.5% in the 2nd quarter. Park Avenue Securities LLC now owns 16,707 shares of the auto parts company's stock valued at $1,176,000 after buying an additional 1,455 shares during the period. Institutional investors own 94.21% of the company's stock.

Aptiv Company Profile

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.