Aptiv (NYSE:APTV) Price Target Raised to $60.00 at Morgan Stanley

Key Points

• Morgan Stanley raised its price target for Aptiv from $55.00 to $60.00, maintaining an "underweight" rating, indicating a potential downside of 10.18% from the current price.
• Despite the price target increase, Aptiv has received mixed ratings with one sell, nine hold, ten buy, and three strong buy ratings from analysts.
• Aptiv’s recent earnings report showed an EPS of $2.12, exceeding analysts' expectations and demonstrating a 3.1% year-over-year revenue growth.

Aptiv (NYSE:APTV - Get Free Report) had its price target boosted by equities researchers at Morgan Stanley from $55.00 to $60.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the auto parts company's stock. Morgan Stanley's target price would suggest a potential downside of 10.18% from the company's current price.

A number of other research analysts also recently weighed in on the company. Wall Street Zen upgraded Aptiv to a "hold" rating in a research note on Saturday, June 21st. Wells Fargo & Company lifted their target price on Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Bank of America lifted their target price on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Robert W. Baird set a $82.00 target price on Aptiv and gave the stock an "outperform" rating in a research note on Friday, July 11th. Finally, Royal Bank Of Canada lifted their target price on Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.81.

Aptiv Trading Down 0.2%

NYSE APTV opened at $66.80 on Tuesday. The firm has a market cap of $14.55 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.75 and a beta of 1.48. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. The stock's 50-day moving average is $68.64 and its 200-day moving average is $64.01. Aptiv has a one year low of $47.19 and a one year high of $75.41.

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

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT acquired a new position in shares of Aptiv during the 1st quarter worth $26,000. True Wealth Design LLC raised 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 buying an additional 181 shares in the last quarter. 1248 Management LLC acquired a new position in shares of Aptiv during the 1st quarter worth $28,000. Geneos Wealth Management Inc. raised its holdings in shares of Aptiv by 452.3% during the 1st 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. Finally, Mather Group LLC. raised its holdings in shares of Aptiv by 155.2% during the 1st 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. 94.21% of the stock is owned by institutional investors and hedge funds.

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.

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