Aptiv (NYSE:APTV) Price Target Raised to $76.00

Aptiv (NYSE:APTV) had its price target raised by Wells Fargo & Company from $70.00 to $76.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

Several other equities research analysts have also recently commented on APTV. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $53.00 to $65.00 in a research report on Thursday. Bank of America dropped their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Oppenheimer cut their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and an average target price of $85.06.

Aptiv Price Performance

Shares of APTV opened at $63.40 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The firm has a market capitalization of $14.90 billion, a PE ratio of 7.08, a P/E/G ratio of 0.56 and a beta of 1.75. The stock has a 50 day simple moving average of $58.60 and a 200 day simple moving average of $64.79. Aptiv has a 52-week low of $51.47 and a 52-week high of $88.89.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. Sell-side analysts predict that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Trading of Aptiv

Large investors have recently modified their holdings of the stock. FMR LLC grew its holdings in Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Aptiv by 1,390.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after buying an additional 5,002,090 shares during the period. Franklin Resources Inc. increased its position in Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after buying an additional 1,090,766 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Aptiv by 18.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock worth $179,189,000 after buying an additional 388,045 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Aptiv by 4.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,386,232 shares of the auto parts company’s stock worth $171,833,000 after acquiring an additional 108,626 shares in 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.