Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price target cut by stock analysts at Deutsche Bank Aktiengesellschaft from $76.00 to $66.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the auto parts company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 16.18% from the stock’s current price.

A number of other analysts have also weighed in on APTV. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. Barclays cut their price objective on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Royal Bank of Canada dropped their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Oppenheimer restated an “outperform” rating and set a $145.00 price target on shares of Aptiv in a research report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average price target of $89.06.

Aptiv Stock Performance

Shares of NYSE:APTV traded down $0.02 during midday trading on Friday, reaching $56.81. The company’s stock had a trading volume of 3,386,136 shares, compared to its average volume of 3,028,819. The firm has a market capitalization of $15.10 billion, a PE ratio of 4.29, a P/E/G ratio of 0.63 and a beta of 1.79. Aptiv has a twelve month low of $54.70 and a twelve month high of $91.66. The stock has a fifty day moving average of $69.89 and a 200 day moving average of $72.52. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.30 earnings per share. On average, equities analysts expect that Aptiv will post 6.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independence Bank of Kentucky purchased a new position in shares of Aptiv in the second quarter worth about $25,000. Crewe Advisors LLC lifted its stake in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares in the last quarter. Clearstead Trust LLC lifted its stake in shares of Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after buying an additional 305 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Aptiv in the second quarter worth about $38,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.