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Aptiv (NYSE:APTV) Downgraded to "Peer Perform" Rating by Wolfe Research

Aptiv logo with Auto/Tires/Trucks background

Aptiv (NYSE:APTV - Get Free Report) was downgraded by analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating in a research note issued on Wednesday, Marketbeat reports.

APTV has been the topic of a number of other reports. Robert W. Baird lowered their price target on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Barclays upped their target price on Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Piper Sandler set a $70.00 target price on Aptiv and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Wells Fargo & Company upped their price target on shares of Aptiv from $85.00 to $86.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Royal Bank Of Canada increased their price objective on Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $81.61.

Get Our Latest Stock Analysis on Aptiv

Aptiv Stock Performance

Shares of NYSE APTV traded up $0.51 during mid-day trading on Wednesday, hitting $72.18. The company had a trading volume of 2,512,254 shares, compared to its average volume of 3,390,973. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.76 and a beta of 1.46. The firm's 50 day simple moving average is $65.13 and its two-hundred day simple moving average is $62.24. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.61 and a quick ratio of 1.11. Aptiv has a 12 month low of $47.19 and a 12 month high of $80.95.

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

Institutional Investors Weigh In On Aptiv

Several institutional investors have recently made changes to their positions in APTV. Proficio Capital Partners LLC acquired a new stake in Aptiv in the fourth quarter valued at approximately $4,181,000. SRS Capital Advisors Inc. raised its holdings in shares of Aptiv by 93.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company's stock valued at $115,000 after purchasing an additional 918 shares in the last quarter. Plato Investment Management Ltd lifted its stake in shares of Aptiv by 99.2% in the 4th quarter. Plato Investment Management Ltd now owns 12,588 shares of the auto parts company's stock valued at $764,000 after purchasing an additional 6,268 shares during the last quarter. State of Michigan Retirement System boosted its holdings in Aptiv by 8.2% in the fourth quarter. State of Michigan Retirement System now owns 84,249 shares of the auto parts company's stock worth $5,095,000 after purchasing an additional 6,400 shares in the last quarter. Finally, Keybank National Association OH increased its position in Aptiv by 26.5% during the fourth quarter. Keybank National Association OH now owns 8,258 shares of the auto parts company's stock worth $499,000 after buying an additional 1,728 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

About Aptiv

(Get Free Report)

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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Analyst Recommendations for Aptiv (NYSE:APTV)

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