Aptiv (NYSE:APTV) Earns Buy Rating from Analysts at Citigroup

Key Points

• Citigroup upgraded Aptiv to a "strong-buy" rating, reflecting increased confidence in the company's future performance.
• Analysts from multiple firms have raised their price targets for Aptiv, with Oppenheimer setting a new target of $92.00 and Barclays increasing it to $105.00.
• Aptiv reported a strong quarterly earnings performance, achieving $2.12 earnings per share, exceeding expectations and showcasing a year-over-year revenue growth of 3.1%.

Equities researchers at Citigroup started coverage on shares of Aptiv (NYSE:APTV - Get Free Report) in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage set a "buy" rating and a $109.00 price target on the auto parts company's stock. Citigroup's target price would suggest a potential upside of 35.07% from the company's previous close.

Several other research firms have also recently issued reports on APTV. Wolfe Research cut Aptiv from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 2nd. UBS Group upped their price objective on Aptiv from $75.00 to $94.00 and gave the stock a "neutral" rating in a research report on Monday, October 6th. Bank of America upped their price objective on Aptiv from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Royal Bank Of Canada upped their price objective on Aptiv from $92.00 to $101.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Wells Fargo & Company upped their price objective on Aptiv from $103.00 to $106.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $90.88.

Aptiv Price Performance

Shares of NYSE APTV opened at $80.70 on Friday. The stock's 50-day moving average is $79.62 and its two-hundred day moving average is $69.24. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.24. Aptiv has a 1-year low of $47.19 and a 1-year high of $88.80. The company has a market cap of $17.57 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.55.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share 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 company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the business earned $1.58 EPS. Aptiv's revenue was up 3.1% on a year-over-year basis. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Analysts forecast that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Aptiv news, CAO Allan J. Brazier sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the sale, the chief accounting officer directly owned 49,820 shares of the company's stock, valued at $4,234,700. This represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Aptiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in APTV. Zions Bancorporation National Association UT purchased a new stake in Aptiv during the 1st quarter valued at approximately $26,000. True Wealth Design LLC raised its stake in Aptiv by 83.8% during the 2nd quarter. True Wealth Design LLC now owns 397 shares of the auto parts company's stock valued at $27,000 after acquiring an additional 181 shares during the last quarter. 1248 Management LLC purchased a new stake in Aptiv during the 1st quarter valued at approximately $28,000. Geneos Wealth Management Inc. lifted its holdings in shares of Aptiv by 452.3% in the 1st 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 during the period. Finally, Mather Group LLC. lifted its holdings in shares of Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after buying an additional 385 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.