Aptiv (NYSE:APTV) Price Target Raised to $90.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has increased its price target for Aptiv from $85.00 to $90.00, indicating a potential upside of 37.15% based on the company's recent closing price.
• Aptiv's quarterly earnings surpassed expectations, reporting $2.12 EPS against an estimated $1.83 EPS, with revenue of $5.21 billion for the quarter.
• The stock currently holds a consensus rating of "Moderate Buy" from analysts, with an average target price of $80.38.

Aptiv (NYSE:APTV - Get Free Report) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $85.00 to $90.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the auto parts company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 38.20% from the company's current price.

Several other research firms also recently weighed in on APTV. Bank of America increased their price target on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Wells Fargo & Company lifted their price target on shares of Aptiv from $86.00 to $89.00 and gave the company an "overweight" rating in a report on Friday. Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. UBS Group lifted their price objective on shares of Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Wall Street Zen raised shares of Aptiv to a "hold" rating in a research note on Saturday, June 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.50.

Aptiv Trading Up 0.4%

Shares of NYSE APTV traded up $0.26 during midday trading on Friday, hitting $65.12. 5,078,992 shares of the company traded hands, compared to its average volume of 3,038,929. Aptiv has a 12-month low of $47.19 and a 12-month high of $75.41. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76. The stock has a 50-day moving average price of $68.78 and a 200 day moving average price of $63.90. The firm has a market cap of $14.18 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.73 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The firm had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.58 earnings per share. As a group, analysts expect that Aptiv will post 7.2 earnings per share for the current year.

Institutional Trading of Aptiv

A number of hedge funds have recently added to or reduced their stakes in APTV. Zions Bancorporation National Association UT purchased a new stake in Aptiv during the first quarter worth $26,000. 1248 Management LLC purchased a new stake in Aptiv during the first quarter worth $28,000. Geneos Wealth Management Inc. boosted its holdings in Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock worth $29,000 after buying an additional 398 shares in the last quarter. Mather Group LLC. boosted its holdings in Aptiv by 155.2% during the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after buying an additional 385 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Aptiv during the first quarter worth $39,000. 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.