Wells Fargo & Company Has Lowered Expectations for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV - Get Free Report) had its target price reduced by equities research analysts at Wells Fargo & Company from $74.00 to $70.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the auto parts company's stock. Wells Fargo & Company's price target indicates a potential upside of 20.65% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. StockNews.com began coverage on shares of Aptiv in a research report on Friday. They issued a "hold" rating for the company. Morgan Stanley lowered their target price on Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, November 14th. Oppenheimer lowered their price target on Aptiv from $147.00 to $83.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Fox Advisors downgraded shares of Aptiv from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 1st. Finally, Barclays reduced their price objective 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 analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and an average price target of $84.29.

Aptiv Trading Up 0.1 %

NYSE APTV traded up $0.05 on Monday, hitting $58.02. 5,256,855 shares of the stock were exchanged, compared to its average volume of 3,177,118. The company's 50-day moving average price is $60.90 and its two-hundred day moving average price is $67.65. The company has a market capitalization of $13.64 billion, a price-to-earnings ratio of 6.47, a P/E/G ratio of 0.59 and a beta of 1.78. Aptiv has a 52-week low of $51.47 and a 52-week high of $91.66. 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 (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the firm earned $1.30 earnings per share. Aptiv's quarterly revenue was down 5.1% on a year-over-year basis. Research analysts predict that Aptiv will post 6.15 EPS for the current year.

Hedge Funds Weigh In On Aptiv

Several institutional investors have recently added to or reduced their stakes in APTV. Wolff Wiese Magana LLC raised its holdings in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock valued at $36,000 after buying an additional 155 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Aptiv by 6.2% in the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company's stock valued at $189,000 after purchasing an additional 156 shares in the last quarter. Mather Group LLC. raised its position in Aptiv by 36.9% in the 3rd 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 last quarter. Farther Finance Advisors LLC boosted its position in 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 buying an additional 176 shares during the last quarter. Finally, Crewe Advisors LLC increased its stake in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock valued at $31,000 after buying an additional 215 shares during the period. 94.21% of the stock is owned by 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.