Aptiv PLC (NYSE:APTV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Aptiv PLC (NYSE:APTV) have been given a consensus rating of “Moderate Buy” by the nineteen research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $85.06.

Several research analysts recently issued reports on the company. Oppenheimer cut their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays reduced their price objective on Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Guggenheim reiterated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Wells Fargo & Company lifted their price target on shares of Aptiv from $70.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday.

Hedge Funds Weigh In On Aptiv

A number of large investors have recently modified their holdings of the company. Wolff Wiese Magana LLC increased its position in Aptiv by 44.3% during 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 in the last quarter. Mather Group LLC. increased its position in shares of Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of 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 acquiring an additional 176 shares during the period. Boston Common Asset Management LLC lifted its holdings in shares of Aptiv by 4.8% during the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after acquiring an additional 188 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Aptiv by 4.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after purchasing an additional 218 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Down 0.8 %

Aptiv stock opened at $63.40 on Monday. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $88.89. The stock’s fifty day moving average is $58.60 and its two-hundred day moving average is $64.76.

Aptiv (NYSE:APTV) last posted its 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 net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts predict that Aptiv will post 6.15 EPS for the current fiscal year.

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.