Aptiv (NYSE:APTV) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Aptiv (NYSE:APTV - Get Free Report) had its target price hoisted by stock analysts at Wells Fargo & Company from $75.00 to $85.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the auto parts company's stock. Wells Fargo & Company's price objective would suggest a potential upside of 28.53% from the company's current price.

A number of other brokerages have also commented on APTV. Royal Bank of Canada lifted their price target on shares of Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Evercore ISI reduced their price target on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Wall Street Zen started coverage on shares of Aptiv in a report on Wednesday, May 14th. They issued a "hold" rating on the stock. UBS Group raised their price objective on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Guggenheim dropped their price objective on shares of Aptiv from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Aptiv has a consensus rating of "Moderate Buy" and a consensus price target of $82.50.

Aptiv Stock Down 1.3%

NYSE:APTV traded down $0.84 on Monday, reaching $66.13. 1,530,815 shares of the stock traded hands, compared to its average volume of 3,507,199. The company's fifty day simple moving average is $58.70 and its 200 day simple moving average is $59.94. Aptiv has a 12 month low of $47.19 and a 12 month high of $85.35. The company has a market capitalization of $14.40 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.62 and a beta of 1.44. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the business posted $1.16 earnings per share. The business's revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts predict that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.45% of the company's stock.

Institutional Investors Weigh In On Aptiv

Hedge funds have recently bought and sold shares of the business. Zions Bancorporation National Association UT purchased a new stake in shares of Aptiv in the first quarter valued at $26,000. 1248 Management LLC purchased a new stake in shares of Aptiv in the first quarter valued at $28,000. Geneos Wealth Management Inc. raised its stake in shares of Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock valued at $29,000 after acquiring an additional 398 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv in the fourth quarter valued at $37,000. Finally, Mather Group LLC. raised its stake in shares of Aptiv by 155.2% in the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 385 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

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.