Aptiv PLC (NYSE:APTV) Given Average Rating of "Moderate Buy" by Brokerages

Aptiv PLC (NYSE:APTV - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-four research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, thirteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $81.56.

A number of equities analysts have commented on APTV shares. TD Cowen initiated coverage on shares of Aptiv in a report on Friday, March 7th. They issued a "buy" rating and a $90.00 price objective on the stock. Wall Street Zen started coverage on Aptiv in a research note on Thursday, May 22nd. They issued a "hold" rating on the stock. Piper Sandler set a $70.00 price target on Aptiv and gave the company a "neutral" rating in a report on Thursday, May 22nd. Robert W. Baird dropped their price objective on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, UBS Group upped their target price on Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd.

Hedge Funds Weigh In On Aptiv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1248 Management LLC bought a new position in shares of Aptiv during the 1st quarter valued at about $34,000. Strs Ohio acquired a new stake in Aptiv during the first quarter valued at approximately $26,180,000. Foresight Group Ltd Liability Partnership bought a new stake in Aptiv during the first quarter worth approximately $6,276,000. Jacobi Capital Management LLC grew its position in Aptiv by 10.6% in the first quarter. Jacobi Capital Management LLC now owns 13,167 shares of the auto parts company's stock worth $783,000 after buying an additional 1,264 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Aptiv by 452.3% in 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. 94.21% of the stock is owned by institutional investors.

Aptiv Price Performance

Shares of Aptiv stock opened at $67.68 on Thursday. The stock has a market capitalization of $14.74 billion, a P/E ratio of 11.21, a PEG ratio of 0.75 and a beta of 1.47. 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 business's fifty day moving average price is $61.98 and its 200 day moving average price is $61.53. Aptiv has a twelve month low of $47.19 and a twelve 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 (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 earnings per share. As a group, research analysts anticipate that Aptiv will post 7.2 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.