Aptiv PLC (NYSE:APTV) Receives $86.50 Consensus Target Price from Brokerages

Shares of Aptiv PLC (NYSE:APTV - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-four analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, sixteen have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $86.50.

APTV has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 target price on the stock in a research report on Friday, February 7th. Royal Bank of Canada boosted their target price on shares of Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Morgan Stanley decreased their price target on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, November 14th. Finally, Robert W. Baird upgraded shares of Aptiv from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $75.00 to $82.00 in a research note on Monday, January 27th.

Aptiv Trading Down 2.4 %

Shares of NYSE APTV traded down $1.54 during midday trading on Tuesday, reaching $62.22. The stock had a trading volume of 3,970,576 shares, compared to its average volume of 3,441,272. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv has a twelve month low of $51.47 and a twelve month high of $85.56. The company's 50 day moving average price is $63.59 and its 200 day moving average price is $63.59. The firm has a market cap of $14.28 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

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Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, sell-side analysts expect that Aptiv will post 7.2 EPS for the current year.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.34% of the company's stock.

Hedge Funds Weigh In On Aptiv

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in Aptiv by 16.8% during the third 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. Covestor Ltd lifted its holdings in Aptiv by 11.4% during the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after purchasing an additional 186 shares during the last quarter. Boston Common Asset Management LLC lifted its holdings in Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock valued at $249,000 after purchasing an additional 188 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Aptiv by 4.9% during the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company's stock valued at $334,000 after purchasing an additional 218 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in Aptiv by 6.1% during the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock valued at $231,000 after purchasing an additional 219 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.