Guggenheim Cuts Aptiv (NYSE:APTV) Price Target to $73.00

Aptiv (NYSE:APTV) had its target price trimmed by Guggenheim from $87.00 to $73.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the auto parts company’s stock.

APTV has been the subject of a number of other research reports. Royal Bank of Canada lowered their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Robert W. Baird decreased their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Barclays lowered their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, Wolfe Research began coverage on Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective for the company. Two research 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. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Stock Up 1.9 %

Aptiv stock opened at $54.38 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 0.48 and a beta of 1.81. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The stock’s fifty day moving average is $65.09 and its two-hundred day moving average is $70.34.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 earnings per share. Analysts predict that Aptiv will post 6.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Large investors have recently modified their holdings of the company. Independence Bank of Kentucky purchased a new stake in shares of Aptiv during the 2nd quarter valued at $25,000. Brown Brothers Harriman & Co. raised its holdings in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Crewe Advisors LLC increased its stake in Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the period. Wolff Wiese Magana LLC increased its stake in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in Aptiv in the 2nd quarter worth approximately $38,000. 94.21% of the stock is currently 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.