Bank of America Forecasts Strong Price Appreciation for Aptiv (NYSE:APTV) Stock

Key Points

• Bank of America raised its price target for Aptiv from $85.00 to $95.00, indicating a potential upside of 16.23% from its current price, while maintaining a "buy" rating.
• Aptiv's latest quarterly earnings exceeded expectations with an EPS of $2.12, surpassing the consensus estimate of $1.83 and generating $5.21 billion in revenue.
• Currently, Aptiv holds a moderate buy consensus rating among analysts, with three strong buy ratings and ten buy ratings noted in recent reports.

Aptiv (NYSE:APTV - Free Report) had its target price hoisted by Bank of America from $85.00 to $95.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the auto parts company's stock.

Other equities analysts also recently issued research reports about the stock. Oppenheimer restated an "outperform" rating and set a $88.00 price objective (up previously from $84.00) on shares of Aptiv in a report on Monday, August 4th. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded shares of Aptiv from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Finally, Royal Bank Of Canada increased their price target on shares of Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.53.

Aptiv Stock Down 1.0%

Shares of APTV traded down $0.83 during mid-day trading on Wednesday, hitting $82.89. 1,662,200 shares of the company traded hands, compared to its average volume of 2,213,217. Aptiv has a 1-year low of $47.19 and a 1-year high of $84.72. 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 company has a market capitalization of $18.05 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 0.93 and a beta of 1.48. The business has a 50 day moving average of $73.45 and a 200 day moving average of $66.32.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Equities research analysts anticipate that Aptiv will post 7.2 EPS for the current year.

Institutional Investors Weigh In On Aptiv

A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in Aptiv by 1.2% in the 2nd quarter. State Street Corp now owns 9,754,226 shares of the auto parts company's stock valued at $665,433,000 after acquiring an additional 111,506 shares during the period. Goldman Sachs Group Inc. boosted its stake in Aptiv by 242.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company's stock worth $509,366,000 after purchasing an additional 6,062,438 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Aptiv by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,934,199 shares of the auto parts company's stock worth $353,085,000 after purchasing an additional 570,930 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Aptiv by 9.0% during the 2nd quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company's stock worth $261,381,000 after purchasing an additional 315,824 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Aptiv by 7.1% during the 2nd quarter. Invesco Ltd. now owns 3,618,847 shares of the auto parts company's stock worth $246,878,000 after purchasing an additional 238,880 shares during the last quarter. Institutional investors and hedge funds 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.