UBS Group Raises Aptiv (NYSE:APTV) Price Target to $75.00

Aptiv (NYSE:APTV - Free Report) had its target price lifted by UBS Group from $66.00 to $75.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the auto parts company's stock.

A number of other research firms have also recently issued reports on APTV. Robert W. Baird set a $82.00 price objective on Aptiv and gave the stock an "outperform" rating in a report on Friday, July 11th. Morgan Stanley cut their target price on Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Bank of America upped their price objective on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Finally, Wolfe Research cut shares of Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $81.63.

Aptiv Price Performance

Shares of APTV stock traded down $0.30 on Monday, reaching $69.83. The company's stock had a trading volume of 446,785 shares, compared to its average volume of 3,368,680. The stock's 50 day simple moving average is $68.21 and its 200-day simple moving average is $63.14. Aptiv has a 12-month low of $47.19 and a 12-month high of $80.95. The company has a market capitalization of $15.20 billion, a P/E ratio of 11.57, a PEG ratio of 0.77 and a beta of 1.46. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The business 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. Aptiv's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts predict that Aptiv will post 7.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of hedge funds and other institutional investors have recently made changes to their positions in APTV. Proficio Capital Partners LLC bought a new position in Aptiv in the 4th quarter worth $4,181,000. HighTower Advisors LLC raised its stake in Aptiv by 4.1% in the fourth quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company's stock worth $887,000 after buying an additional 577 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in Aptiv in the fourth quarter worth about $37,000. Cibc World Markets Corp boosted its position in Aptiv by 5.5% during the 4th quarter. Cibc World Markets Corp now owns 38,462 shares of the auto parts company's stock valued at $2,326,000 after acquiring an additional 1,991 shares in the last quarter. Finally, Tocqueville Asset Management L.P. grew its holdings in shares of Aptiv by 301.1% during the 4th quarter. Tocqueville Asset Management L.P. now owns 65,646 shares of the auto parts company's stock worth $3,970,000 after acquiring an additional 49,281 shares during the period. Institutional investors 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.