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

Aptiv (NYSE:APTV) had its price target cut by Guggenheim from $87.00 to $73.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the auto parts company’s stock.

A number of other research firms have also weighed in on APTV. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Royal Bank of Canada cut their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Morgan Stanley cut their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Barclays cut their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, Wolfe Research began coverage on shares of Aptiv in a research note on Thursday, September 5th. They set an “outperform” rating and a $89.00 target price for the company. Two 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. According to data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Stock Performance

APTV opened at $53.35 on Thursday. The firm has a market cap of $12.54 billion, a P/E ratio of 5.95, a PEG ratio of 0.46 and a beta of 1.81. Aptiv has a 1-year low of $51.47 and a 1-year high of $91.66. The company has a 50 day simple moving average of $65.38 and a two-hundred day simple moving average of $70.72. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.30 earnings per share. Equities analysts forecast that Aptiv will post 6.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Several institutional investors have recently made changes to their positions in the company. Swedbank AB bought a new stake in Aptiv during the 2nd quarter valued at about $25,018,000. Virtu Financial LLC bought a new stake in Aptiv during the 1st quarter valued at about $605,000. Proactive Wealth Strategies LLC bought a new stake in Aptiv during the 3rd quarter valued at about $1,815,000. Parkside Investments LLC lifted its holdings in Aptiv by 64.4% during the 2nd quarter. Parkside Investments LLC now owns 101,325 shares of the auto parts company’s stock valued at $7,135,000 after buying an additional 39,685 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Aptiv by 8.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,750,233 shares of the auto parts company’s stock valued at $139,407,000 after buying an additional 131,148 shares in the last quarter. 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.