Wells Fargo & Company Issues Pessimistic Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price objective reduced by Wells Fargo & Company from $74.00 to $70.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

APTV has been the subject of a number of other research reports. Royal Bank of Canada lowered their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen dropped their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. StockNews.com started coverage on shares of Aptiv in a report on Friday, December 13th. They issued a “hold” rating for the company. Guggenheim restated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. Finally, Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.29.

Aptiv Stock Performance

Shares of Aptiv stock opened at $56.65 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The stock’s fifty day moving average price is $60.12 and its 200-day moving average price is $67.23. The firm has a market cap of $13.31 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.59 and a beta of 1.78. Aptiv has a 12 month low of $51.47 and a 12 month high of $91.66.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the firm posted $1.30 EPS. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities research analysts expect that Aptiv will post 6.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of institutional investors have recently bought and sold shares of APTV. Proactive Wealth Strategies LLC purchased a new position in shares of Aptiv during the third quarter worth $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Aptiv by 73.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after buying an additional 47,215 shares during the last quarter. National Pension Service lifted its holdings in shares of Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after buying an additional 71,633 shares during the period. Mirabella Financial Services LLP boosted its stake in shares of Aptiv by 184.8% in the third quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company’s stock worth $2,711,000 after buying an additional 24,432 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Aptiv during the third quarter worth about $14,893,000. 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.