Investment analysts at StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV - Get Free Report) in a research report issued to clients and investors on Saturday. The firm set a "hold" rating on the auto parts company's stock.
Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Guggenheim restated a "buy" rating and set a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. Wolfe Research began coverage on shares of Aptiv in a research note on Thursday, September 5th. They set an "outperform" rating and a $89.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Aptiv from $107.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Finally, Barclays lowered their target price on shares of Aptiv from $100.00 to $80.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.29.
Check Out Our Latest Analysis on APTV
Aptiv Stock Performance
NYSE:APTV traded up $1.85 during mid-day trading on Friday, hitting $58.86. The company's stock had a trading volume of 15,715,428 shares, compared to its average volume of 3,244,422. The business's fifty day moving average is $59.59 and its two-hundred day moving average is $66.98. The stock has a market cap of $13.83 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.59 and a beta of 1.78. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv has a 1 year low of $51.47 and a 1 year high of $91.66.
Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.68 by $0.15. The company 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 firm's revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.30 earnings per share. Analysts anticipate that Aptiv will post 6.15 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Aptiv by 1,390.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock worth $386,103,000 after buying an additional 5,002,090 shares in the last quarter. Harris Associates L P purchased a new stake in shares of Aptiv in the third quarter valued at about $162,640,000. Point72 Asset Management L.P. acquired a new stake in shares of Aptiv in the third quarter valued at approximately $143,909,000. Massachusetts Financial Services Co. MA raised its position in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock worth $905,681,000 after purchasing an additional 1,764,844 shares during the last quarter. Finally, FMR LLC lifted its stake in Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock valued at $550,759,000 after buying an additional 1,294,670 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.
About Aptiv
(
Get Free Report)
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.
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