Aptiv (NYSE:APTV) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Aptiv (NYSE:APTV - Get Free Report) had its target price boosted by Robert W. Baird from $80.00 to $82.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the auto parts company's stock. Robert W. Baird's target price would indicate a potential upside of 16.16% from the company's current price.

A number of other brokerages have also commented on APTV. Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Wolfe Research lowered shares of Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. UBS Group boosted 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. Barclays boosted their price objective on shares of Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, Bank of America boosted their price objective on shares of Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.47.

Aptiv Stock Performance

NYSE:APTV opened at $70.59 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.79 and a beta of 1.46. The firm's fifty day simple moving average is $67.32 and its 200 day simple moving average is $62.87. Aptiv has a twelve month low of $47.19 and a twelve month high of $80.95.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 EPS. As a group, equities research analysts expect that Aptiv will post 7.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Several institutional investors and hedge funds have recently bought and sold shares of the business. Gamco Investors INC. ET AL grew its position in Aptiv by 1.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company's stock worth $581,000 after purchasing an additional 160 shares during the last quarter. AlTi Global Inc. grew its position in Aptiv by 1.6% in the 1st quarter. AlTi Global Inc. now owns 10,677 shares of the auto parts company's stock worth $635,000 after purchasing an additional 173 shares during the last quarter. Covestor Ltd grew its position in Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after purchasing an additional 186 shares during the last quarter. Stephens Inc. AR grew its position in Aptiv by 5.4% in the 1st quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company's stock worth $234,000 after purchasing an additional 201 shares during the last quarter. Finally, Horizon Investments LLC grew its position in Aptiv by 6.1% in the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock worth $231,000 after purchasing an additional 219 shares during the last quarter. Institutional investors and hedge funds 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.

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