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

Shares of Aptiv PLC (NYSE:APTV) have been assigned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $84.29.

Several brokerages have commented on APTV. Wolfe Research started coverage on Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Morgan Stanley decreased their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Royal Bank of Canada reduced 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. Finally, Bank of America lowered their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th.

Aptiv Trading Down 0.4 %

Shares of APTV stock opened at $60.11 on Thursday. The business’s 50 day moving average is $58.33 and its two-hundred day moving average is $65.99. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv has a 12 month low of $51.47 and a 12 month high of $91.66. The company has a market cap of $14.13 billion, a PE ratio of 6.71, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78.

Aptiv (NYSE:APTV) last released its 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 firm 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 business’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 EPS. Equities analysts predict that Aptiv will post 6.15 EPS for the current year.

Institutional Trading of Aptiv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Proactive Wealth Strategies LLC acquired a new stake in Aptiv in the 3rd quarter valued at about $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after purchasing an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Aptiv during the 3rd quarter worth $14,893,000. National Pension Service boosted its position in Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after buying an additional 71,633 shares during the last quarter. Finally, Mirabella Financial Services LLP increased its stake in shares of Aptiv by 184.8% in the 3rd quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company’s stock valued at $2,711,000 after buying an additional 24,432 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.