Aptiv PLC (NYSE:APTV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Aptiv PLC (NYSE:APTV) has been given an average recommendation of “Moderate Buy” by the nineteen analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $85.06.

APTV has been the subject of several recent analyst reports. Bank of America reduced their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Barclays decreased their price objective on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft cut their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Morgan Stanley reduced their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their price objective on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Aptiv Stock Performance

NYSE:APTV opened at $63.40 on Monday. Aptiv has a 12 month low of $51.47 and a 12 month high of $88.89. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The firm has a market capitalization of $14.90 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The business’s fifty day moving average price is $58.60 and its 200 day moving average price is $64.76.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 EPS. On average, sell-side analysts anticipate that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Institutional investors have recently added to or reduced their stakes in the business. Proactive Wealth Strategies LLC acquired a new stake in shares of Aptiv in the 3rd quarter valued at approximately $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after acquiring an additional 47,215 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Aptiv during the 3rd quarter worth $14,893,000. Shorepath Capital Management LLC increased its holdings in shares of Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after purchasing an additional 11,835 shares in the last quarter. Finally, National Pension Service lifted its stake in shares of Aptiv by 16.6% in the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after purchasing an additional 71,633 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

About Aptiv

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.