Aptiv PLC (NYSE:APTV) Receives Average Rating of “Moderate Buy” from Analysts

Aptiv PLC (NYSE:APTV) has earned an average recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $84.29.

A number of research analysts recently weighed in on the company. 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. Morgan Stanley decreased their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. JPMorgan Chase & Co. raised their target price on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Bank of America decreased their price target on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Guggenheim restated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th.

Aptiv Price Performance

NYSE:APTV opened at $60.48 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a fifty day simple moving average of $57.96 and a 200 day simple moving average of $65.88. Aptiv has a 1-year low of $51.47 and a 1-year high of $91.66. The stock has a market capitalization of $14.21 billion, a PE ratio of 6.75, a P/E/G ratio of 0.59 and a beta of 1.78.

Aptiv (NYSE:APTV) last released its quarterly earnings data 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. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company 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 business earned $1.30 EPS. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, research analysts expect that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. 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 purchasing an additional 215 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in 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 in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Aptiv in the second quarter worth about $38,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Aptiv in the 3rd quarter valued at approximately $43,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.