Aptiv (NYSE:APTV) Stock Moved Up to "Hold" by Zacks Research

Key Points

• Zacks Research upgraded Aptiv from “strong sell” to “hold.” Analyst views remain mixed, but MarketBeat’s consensus rating is “Moderate Buy,” with an average price target of $69.02.
• Aptiv beat quarterly earnings and revenue estimates, reporting EPS of $1.42 versus $1.33 expected and revenue of $3.20 billion; revenue rose 2.3% year over year.
• The stock fell 3.4% and opened at $39.48, near its 52-week low of $39.40. Several brokerages have recently lowered their price targets, despite maintaining Buy or Outperform ratings.

Aptiv (NYSE:APTV - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Thursday, Zacks reports.

Several other brokerages have also recently issued reports on APTV. HSBC cut shares of Aptiv from a "strong-buy" rating to a "hold" rating in a report on Friday. Royal Bank Of Canada reduced their price objective on Aptiv from $77.00 to $64.00 and set an "outperform" rating for the company in a research report on Wednesday. UBS Group dropped their price target on shares of Aptiv from $62.00 to $57.00 and set a "buy" rating on the stock in a research note on Wednesday, October 7th. Citigroup decreased their target price on shares of Aptiv from $77.00 to $68.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Benchmark upgraded shares of Aptiv to a "strong-buy" rating in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $69.02.

Aptiv Trading Down 3.4%

APTV opened at $39.48 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.33. Aptiv has a 1-year low of $39.40 and a 1-year high of $88.93. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The company's 50 day simple moving average is $44.13 and its two-hundred day simple moving average is $58.97.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.09. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.17 billion. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. The company's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.17 EPS. Analysts expect that Aptiv will post 5.65 EPS for the current fiscal year.

Institutional Trading of Aptiv

Several institutional investors have recently made changes to their positions in APTV. Bank of New York Mellon Corp acquired a new position in Aptiv in the 2nd quarter valued at $61,065,000. Cooper Creek Partners Management LLC purchased a new stake in Aptiv in the first quarter valued at $48,166,000. Private Management Group Inc. acquired a new stake in shares of Aptiv during the 3rd quarter valued at approximately $29,294,000. First Trust Advisors LP lifted its stake in Aptiv by 23.1% during the first quarter. First Trust Advisors LP now owns 2,394,019 shares of the auto parts company's stock worth $166,241,000 after purchasing an additional 449,145 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Aptiv in the second quarter worth about $27,364,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Key Aptiv News

Here are the key news stories impacting Aptiv this week:

• Positive Sentiment: Aptiv said it is accelerating its robotics expansion with industry partners, a potential opportunity to broaden growth beyond its core automotive business. Aptiv: Accelerates Robotics Expansion With Industry Partners
• Positive Sentiment: Citigroup lowered its price target to $68 from $77 but maintained a Buy rating; the new target implies 72.2% upside from the cited share price. This signals continued optimism, although the reduced target reflects a more cautious valuation. Citigroup stock recommendations
• Neutral Sentiment: Wall Street analysts are described as moderately optimistic despite Aptiv’s substantial underperformance versus the broader market over the past year. Are Wall Street Analysts Predicting Aptiv Stock Will Climb or Sink?
• Negative Sentiment: Several firms lowered their price targets, including Goldman Sachs, which cut its target to $54, and TD Cowen, which reduced its target to $72. Morgan Stanley and RBC also lowered targets, adding to the cautious tone around valuation. Goldman Sachs lowers Aptiv price target TD Cowen cuts Aptiv price target Morgan Stanley lowers Aptiv price target RBC lowers Aptiv price target

Aptiv Company Profile

Aptiv PLC NYSE: APTV is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.

The company's product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.

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