Aptiv (NYSE:APTV) Given New $92.00 Price Target at Oppenheimer

Key Points

• Oppenheimer raised Aptiv's price target from $88.00 to $92.00, signaling a potential upside of 10.88% from the previous close.
• Aptiv reported $2.12 EPS for the last quarter, exceeding the consensus estimate by $0.29, and its revenue rose 3.1% compared to the same period last year.
• Three analysts rated Aptiv as a Strong Buy, while the consensus rating is a "Moderate Buy" with a price target of $84.20.

Aptiv (NYSE:APTV - Get Free Report) had its target price increased by equities researchers at Oppenheimer from $88.00 to $92.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the auto parts company's stock. Oppenheimer's price target indicates a potential upside of 10.88% from the company's previous close.

A number of other equities research analysts have also recently commented on APTV. Wells Fargo & Company increased their target price on Aptiv from $89.00 to $103.00 and gave the company an "overweight" rating in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Bank of America boosted their price target on Aptiv from $85.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday. Wall Street Zen lowered shares of Aptiv from a "buy" rating to a "hold" rating in a report on Sunday. Finally, UBS Group lifted their price target on shares of Aptiv from $66.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.20.

Aptiv Stock Performance

NYSE:APTV opened at $82.97 on Thursday. The business's 50-day moving average price is $73.01 and its two-hundred day moving average price is $66.09. Aptiv has a twelve month low of $47.19 and a twelve month high of $82.74. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The stock has a market cap of $18.07 billion, a P/E ratio of 18.90, a PEG ratio of 0.92 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The company 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%. Aptiv's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 EPS. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. As a group, equities analysts predict that Aptiv will post 7.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Institutional investors have recently modified their holdings of the business. True Wealth Design LLC lifted its holdings in shares of Aptiv by 83.8% during the 2nd quarter. True Wealth Design LLC now owns 397 shares of the auto parts company's stock worth $27,000 after acquiring an additional 181 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Aptiv during the 1st quarter worth approximately $26,000. 1248 Management LLC purchased a new position in shares of Aptiv during the 1st quarter valued at approximately $28,000. Geneos Wealth Management Inc. lifted its stake in Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock worth $29,000 after purchasing an additional 398 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Aptiv by 175.9% during the 2nd quarter. Allworth Financial LP now owns 560 shares of the auto parts company's stock worth $38,000 after acquiring an additional 357 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.