Aptiv (NYSE:APTV) Price Target Raised to $82.00 at Royal Bank of Canada

Aptiv (NYSE:APTV - Get Free Report) had its price objective increased by investment analysts at Royal Bank of Canada from $75.00 to $82.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the auto parts company's stock. Royal Bank of Canada's price target indicates a potential upside of 26.75% from the stock's previous close.

A number of other research analysts also recently issued reports on APTV. UBS Group raised their price target on Aptiv from $82.00 to $91.00 and gave the stock a "buy" rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of Aptiv from $76.00 to $86.00 and gave the stock an "overweight" rating in a research report on Friday. Bank of America reduced their price target on shares of Aptiv from $105.00 to $102.00 and set a "buy" rating for the company in a research report on Monday, October 14th. TD Cowen lowered their price objective on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Finally, HSBC upgraded shares of Aptiv from a "hold" rating to a "buy" rating and increased their target price for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and an average price target of $85.61.

Aptiv Stock Up 1.1 %

Shares of APTV traded up $0.71 during midday trading on Friday, hitting $64.69. The company had a trading volume of 2,244,957 shares, compared to its average volume of 3,436,139. The company's 50-day simple moving average is $60.39 and its 200-day simple moving average is $64.12. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53. Aptiv has a 1 year low of $51.47 and a 1 year high of $85.56. The firm has a market capitalization of $15.21 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.54 and a beta of 1.74.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, sell-side analysts expect that Aptiv will post 7.14 EPS for the current year.

Institutional Trading of Aptiv

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wolff Wiese Magana LLC lifted its holdings in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after acquiring an additional 155 shares during the period. Mather Group LLC. raised its stake in Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company's stock worth $47,000 after purchasing an additional 176 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Aptiv by 16.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company's stock valued at $88,000 after purchasing an additional 176 shares during the last quarter. Boston Common Asset Management LLC grew its stake in shares of Aptiv by 4.8% during the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock valued at $249,000 after buying an additional 188 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of Aptiv by 4.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company's stock worth $334,000 after buying an additional 218 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.