Aptiv (NYSE:APTV) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada has increased Aptiv's price target from $85.00 to $92.00, suggesting a potential upside of 42.03% from the previous closing price.
• Aptiv reported a quarterly earnings per share (EPS) of $2.12, exceeding analyst expectations of $1.83, with year-over-year revenue growth of 3.1%.
• The stock currently has an average rating of "Moderate Buy" from analysts, with a mix of buy, hold, and sell ratings reflected across various research reports.

Aptiv (NYSE:APTV - Get Free Report) had its price objective boosted by Royal Bank Of Canada from $85.00 to $92.00 in a report released on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the auto parts company's stock. Royal Bank Of Canada's price objective would indicate a potential upside of 37.63% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on APTV. Piper Sandler set a $70.00 price objective on Aptiv and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Wall Street Zen upgraded Aptiv to a "hold" rating in a research report on Saturday, June 21st. Barclays increased their price objective on Aptiv from $65.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Bank of America increased their price objective on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, Wolfe Research lowered Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.50.

Aptiv Stock Up 1.6%

APTV traded up $1.05 on Tuesday, reaching $66.85. The company's stock had a trading volume of 1,948,263 shares, compared to its average volume of 2,645,704. The stock has a 50 day moving average of $68.61 and a two-hundred day moving average of $63.98. 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 $14.56 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 0.74 and a beta of 1.48. Aptiv has a fifty-two week low of $47.19 and a fifty-two week high of $75.41.

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, beating analysts' consensus estimates of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the prior year, the company posted $1.58 earnings per share. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts forecast that Aptiv will post 7.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently modified their holdings of the company. True Wealth Design LLC grew its stake in Aptiv by 83.8% during the 2nd quarter. True Wealth Design LLC now owns 397 shares of the auto parts company's stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Aptiv in the 1st quarter worth $26,000. 1248 Management LLC acquired a new stake in shares of Aptiv during the first quarter worth $28,000. Geneos Wealth Management Inc. grew its holdings in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock valued at $29,000 after buying an additional 398 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Aptiv by 175.9% in the second quarter. Allworth Financial LP now owns 560 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 357 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

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.