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

Aptiv (NYSE:APTV) had its price objective boosted by Wells Fargo & Company from $76.00 to $86.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

Several other equities analysts have also issued reports on the company. Oppenheimer dropped their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Barclays dropped their price target on Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Raymond James reiterated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and raised their target price for the stock from $63.00 to $77.00 in a research report on Tuesday. Finally, StockNews.com began coverage on shares of Aptiv in a research note on Friday. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.72.

Aptiv Price Performance

APTV stock opened at $64.09 on Friday. The business has a 50 day moving average price of $60.06 and a 200 day moving average price of $64.24. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.55 and a beta of 1.74. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $85.56.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Equities research analysts anticipate that Aptiv will post 6.18 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

A number of institutional investors have recently modified their holdings of APTV. Cetera Investment Advisers lifted its holdings in Aptiv by 8.8% in the second quarter. Cetera Investment Advisers now owns 35,658 shares of the auto parts company’s stock valued at $2,511,000 after acquiring an additional 2,895 shares during the period. Czech National Bank increased its holdings in shares of Aptiv by 4.4% in the 3rd quarter. Czech National Bank now owns 54,138 shares of the auto parts company’s stock valued at $3,898,000 after purchasing an additional 2,293 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 176 shares during the period. First Affirmative Financial Network purchased a new stake in Aptiv during the third quarter worth about $208,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Aptiv by 7.1% during the third quarter. Exchange Traded Concepts LLC now owns 162,370 shares of the auto parts company’s stock worth $11,692,000 after buying an additional 10,817 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

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.