Aptiv (NYSE:APTV) Price Target Raised to $85.00 at Oppenheimer

Aptiv (NYSE:APTV - Get Free Report) had its price target raised by investment analysts at Oppenheimer from $83.00 to $85.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the auto parts company's stock. Oppenheimer's price objective would indicate a potential upside of 31.81% from the stock's current price.

A number of other equities research analysts also recently weighed in on APTV. StockNews.com began coverage on Aptiv in a research report on Friday. They set a "hold" rating on the stock. UBS Group lifted their price objective on Aptiv from $82.00 to $91.00 and gave the company a "buy" rating in a report on Friday. Bank of America decreased their price objective on Aptiv from $105.00 to $102.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their target price on shares of Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $85.61.

Aptiv Stock Performance

APTV stock traded up $0.51 on Friday, reaching $64.49. 1,231,478 shares of the company were exchanged, compared to its average volume of 3,397,232. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06. Aptiv has a 12 month low of $51.47 and a 12 month high of $85.56. The stock's fifty day moving average price is $60.39 and its 200 day moving average price is $64.12. The firm has a market capitalization of $15.16 billion, a PE ratio of 9.37, a PEG ratio of 0.54 and a beta of 1.74.

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 for the quarter, topping analysts' consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, research analysts anticipate that Aptiv will post 7.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. boosted its holdings in shares of Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after acquiring an additional 409 shares during the period. Wolff Wiese Magana LLC boosted its holdings in shares of Aptiv by 44.3% during the third 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. Picton Mahoney Asset Management bought a new stake in shares of Aptiv during the fourth quarter worth approximately $37,000. Capital Performance Advisors LLP bought a new stake in shares of Aptiv during the third quarter worth approximately $43,000. Finally, Brooklyn Investment Group bought a new stake in shares of Aptiv during the third quarter worth approximately $43,000. 94.21% of the stock is owned by institutional investors and hedge funds.

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.