Aptiv PLC (NYSE:APTV) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Aptiv PLC has received a consensus recommendation of "Moderate Buy" from analysts, with ten out of twenty-two firms rating the stock as a buy and one as a sell.
• The average 1-year price target for Aptiv shares among analysts is $81.50, reflecting a range of target prices from $70.00 to $89.00.
• Aptiv reported $2.12 EPS for its last quarter, which exceeded analyst expectations, and its revenue grew by 3.1% year-over-year to $5.21 billion.

Shares of Aptiv PLC (NYSE:APTV - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-two research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, ten have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $81.50.

Several equities research analysts have recently weighed in on the stock. Piper Sandler set a $70.00 target price on shares of Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Wells Fargo & Company increased their price target on shares of Aptiv from $86.00 to $89.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Barclays upped their price objective on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Wolfe Research downgraded Aptiv from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded Aptiv to a "hold" rating in a report on Saturday, June 21st.

Aptiv Stock Up 1.0%

Shares of NYSE APTV opened at $65.77 on Friday. Aptiv has a 12-month low of $47.19 and a 12-month high of $75.41. The company has a market cap of $14.32 billion, a P/E ratio of 15.05, a P/E/G ratio of 0.73 and a beta of 1.48. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average price of $68.61 and a 200 day moving average price of $63.95.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $5.02 billion. During the same period in the previous year, the company posted $1.58 EPS. Aptiv's revenue for the quarter was up 3.1% on a year-over-year basis. Research analysts anticipate that Aptiv will post 7.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APTV. Goldman Sachs Group Inc. grew its stake in Aptiv by 242.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company's stock valued at $509,366,000 after acquiring an additional 6,062,438 shares in the last quarter. Boston Partners purchased a new position in Aptiv during the second quarter valued at approximately $220,441,000. AustralianSuper Pty Ltd acquired a new position in Aptiv in the 1st quarter valued at approximately $117,260,000. Pacer Advisors Inc. lifted its position in Aptiv by 5,379.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company's stock worth $113,489,000 after buying an additional 1,872,571 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Aptiv by 53.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,515,617 shares of the auto parts company's stock valued at $209,179,000 after buying an additional 1,227,020 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

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.

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