Aptiv (NYSE:APTV) Price Target Cut to $85.00 by Analysts at Royal Bank of Canada

Aptiv (NYSE:APTV) had its price objective decreased by investment analysts at Royal Bank of Canada from $86.00 to $85.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the auto parts company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 26.41% from the stock’s previous close.

A number of other research firms have also issued reports on APTV. Robert W. Baird lowered their price target on Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. The Goldman Sachs Group decreased their target price on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company reduced their price target on Aptiv from $82.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. UBS Group cut their price target on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, Morgan Stanley decreased their price target on Aptiv from $75.00 to $70.00 and set an “underweight” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $96.64.

Aptiv Price Performance

NYSE APTV traded down $0.73 during mid-day trading on Wednesday, hitting $67.24. The stock had a trading volume of 621,999 shares, compared to its average volume of 2,932,605. Aptiv has a twelve month low of $65.13 and a twelve month high of $104.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 0.89. The firm’s 50 day moving average is $71.31 and its 200 day moving average is $76.15. The stock has a market capitalization of $18.29 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.66 and a beta of 1.79.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter last year, the company posted $1.25 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Equities research analysts forecast that Aptiv will post 6.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the sale, the director now directly owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Riverview Trust Co bought a new stake in Aptiv in the first quarter worth approximately $25,000. Independence Bank of Kentucky acquired a new position in shares of Aptiv during the 2nd quarter valued at $25,000. Hazlett Burt & Watson Inc. bought a new position in Aptiv during the first quarter worth $28,000. Crewe Advisors LLC increased its stake in Aptiv by 94.7% in the second 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 in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Aptiv during the fourth quarter worth approximately $32,000. 94.21% of the stock is owned by institutional investors.

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.