TD Cowen Raises Aptiv (NYSE:APTV) Price Target to $104.00

Key Points

• TD Cowen increased Aptiv's price target from $94.00 to $104.00, indicating a potential upside of 25.55% from the current stock price.
• Aptiv has received multiple upgrades from other research firms, with Robert W. Baird setting a new target of $97.00, and Barclays raising its target to $105.00.
• The company recently reported an EPS of $2.12 for the last quarter, surpassing estimates by $0.29 and demonstrating a year-over-year revenue growth of 3.1%.

Aptiv (NYSE:APTV - Get Free Report) had its price objective hoisted by stock analysts at TD Cowen from $94.00 to $104.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm currently has a "buy" rating on the auto parts company's stock. TD Cowen's price target would indicate a potential upside of 25.55% from the stock's current price.

A number of other research firms have also weighed in on APTV. Robert W. Baird upped their target price on Aptiv from $84.00 to $97.00 and gave the stock an "outperform" rating in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Aptiv in a research report on Wednesday. Royal Bank Of Canada upped their price target on Aptiv from $85.00 to $92.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Barclays raised Aptiv from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $85.00 to $105.00 in a research report on Friday, September 12th. Finally, Daiwa Capital Markets upped their target price on Aptiv from $79.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and a consensus target price of $89.19.

Aptiv Trading Down 1.9%

NYSE APTV traded down $1.62 during trading hours on Thursday, hitting $82.84. 218,726 shares of the company were exchanged, compared to its average volume of 2,856,464. The stock has a 50-day moving average price of $79.04 and a 200 day moving average price of $69.00. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. Aptiv has a 52 week low of $47.19 and a 52 week high of $88.80. The stock has a market cap of $18.04 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 0.95 and a beta of 1.55.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The firm had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.02 billion. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 earnings per share. 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 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In other news, CAO Allan J. Brazier sold 1,000 shares of Aptiv stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the sale, the chief accounting officer owned 49,820 shares of the company's stock, valued at approximately $4,234,700. The trade was a 1.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.45% of the company's stock.

Hedge Funds Weigh In On Aptiv

Several institutional investors have recently modified their holdings of the business. Stephens Inc. AR grew its stake in shares of Aptiv by 3.9% in the second quarter. Stephens Inc. AR now owns 4,096 shares of the auto parts company's stock worth $279,000 after acquiring an additional 155 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Aptiv by 1.7% during the first quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company's stock worth $581,000 after purchasing an additional 160 shares in the last quarter. AlTi Global Inc. grew its stake in shares of Aptiv by 1.6% during the first quarter. AlTi Global Inc. now owns 10,677 shares of the auto parts company's stock worth $635,000 after purchasing an additional 173 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Aptiv by 18.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,148 shares of the auto parts company's stock worth $78,000 after purchasing an additional 179 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in shares of Aptiv by 83.8% during the second quarter. True Wealth Design LLC now owns 397 shares of the auto parts company's stock worth $27,000 after purchasing an additional 181 shares in the last quarter. 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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