Aptiv (NYSE:APTV) Hits New 52-Week Low Following Analyst Downgrade

Aptiv PLC (NYSE:APTV - Get Free Report) hit a new 52-week low during mid-day trading on Friday after Morgan Stanley lowered their price target on the stock from $68.00 to $60.00. Morgan Stanley currently has an underweight rating on the stock. Aptiv traded as low as $52.14 and last traded at $52.27, with a volume of 1650102 shares traded. The stock had previously closed at $54.03.

Several other equities analysts have also weighed in on the stock. Royal Bank of Canada reduced their target price on shares of Aptiv from $82.00 to $72.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Robert W. Baird lowered their target price on Aptiv from $85.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Wells Fargo & Company raised Aptiv from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Oppenheimer lowered their price objective on shares of Aptiv from $147.00 to $83.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Two investment 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $86.53.

Institutional Trading of Aptiv

Several hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in Aptiv in the 3rd quarter worth approximately $14,893,000. XTX Topco Ltd increased its holdings in shares of Aptiv by 103.4% during the third quarter. XTX Topco Ltd now owns 25,022 shares of the auto parts company's stock valued at $1,802,000 after purchasing an additional 12,721 shares during the period. iSAM Funds UK Ltd bought a new stake in shares of Aptiv during the third quarter valued at about $354,000. National Bank of Canada FI lifted its holdings in Aptiv by 22.8% in the third quarter. National Bank of Canada FI now owns 211,630 shares of the auto parts company's stock worth $15,239,000 after purchasing an additional 39,315 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in Aptiv in the 3rd quarter valued at about $537,000. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Down 2.0 %

The stock has a market cap of $12.44 billion, a P/E ratio of 5.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81. The stock's 50-day moving average is $66.82 and its 200-day moving average is $71.48. 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 (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business's revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.30 earnings per share. As a group, research analysts anticipate that Aptiv PLC will post 6.18 earnings per share for the current fiscal 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.