Aptiv PLC (NYSE:APTV) Receives Average Recommendation of "Moderate Buy" from Brokerages

Aptiv PLC (NYSE:APTV - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-two research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $79.81.

APTV has been the topic of a number of research reports. Morgan Stanley lowered their target price on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Royal Bank Of Canada boosted their target price on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Wells Fargo & Company increased their price target on Aptiv from $85.00 to $86.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Bank of America boosted their target price on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, Robert W. Baird upped their price target on Aptiv from $80.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday.

Aptiv Stock Down 1.9%

Shares of APTV stock opened at $69.24 on Monday. 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 has a 12-month low of $47.19 and a 12-month high of $80.95. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 0.77 and a beta of 1.46. The firm has a fifty day moving average of $67.53 and a 200-day moving average of $62.98.

Aptiv (NYSE:APTV - Get Free Report) last posted 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. 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 business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 EPS. As a group, equities research analysts predict that Aptiv will post 7.2 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

Several institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its stake in shares of 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 worth $509,366,000 after purchasing an additional 6,062,438 shares during the last quarter. AustralianSuper Pty Ltd acquired a new stake in shares of Aptiv during the first quarter worth $117,260,000. Pacer Advisors Inc. boosted its holdings 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 valued at $113,489,000 after purchasing an additional 1,872,571 shares during the period. Norges Bank acquired a new position in Aptiv in the 4th quarter valued at approximately $106,492,000. Finally, Pictet Asset Management Holding SA boosted its holdings in Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after purchasing an additional 1,539,724 shares during the last quarter. Institutional investors and hedge funds 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.

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