Aptiv (NYSE:APTV) Price Target Cut to $82.00

Aptiv (NYSE:APTV) had its price target dropped by Wells Fargo & Company from $83.00 to $82.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 21.41% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. UBS Group lifted their price objective on shares of Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Guggenheim boosted their price objective on Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. StockNews.com upgraded Aptiv from a “hold” rating to a “buy” rating in a report on Wednesday, June 12th. Barclays lowered their price target on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Finally, Oppenheimer lowered their price target on Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $105.08.

Aptiv Stock Performance

NYSE APTV opened at $67.54 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. The business has a 50 day moving average price of $77.64 and a 200 day moving average price of $79.91. The company has a market capitalization of $18.37 billion, a P/E ratio of 6.37, a PEG ratio of 0.70 and a beta of 1.87. Aptiv has a 1-year low of $65.13 and a 1-year high of $113.60.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. Sell-side analysts expect that Aptiv will post 6.01 EPS for the current fiscal year.

Insider Transactions at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the sale, the director now directly owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aptiv

A number of institutional investors have recently made changes to their positions in the stock. Capital World Investors bought a new stake in shares of Aptiv during the 1st quarter valued at about $343,760,000. EdgePoint Investment Group Inc. bought a new position in Aptiv during the first quarter valued at $335,426,000. Norges Bank bought a new position in shares of Aptiv in the fourth quarter worth $302,902,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Aptiv by 17.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock worth $854,210,000 after acquiring an additional 1,405,569 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Aptiv by 4.2% during the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after buying an additional 1,265,774 shares during the period. Institutional investors own 94.21% of the company’s stock.

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.