Aptiv PLC (NYSE:APTV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Aptiv PLC (NYSE:APTV) has been assigned an average rating of “Moderate Buy” from the nineteen brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $85.06.

APTV has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $53.00 to $65.00 in a research note on Thursday. Robert W. Baird upped their price target on Aptiv from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, StockNews.com started coverage on shares of Aptiv in a research report on Wednesday. They issued a “hold” rating on the stock.

Aptiv Stock Down 0.8 %

Aptiv stock opened at $63.40 on Monday. The stock has a 50-day simple moving average of $58.39 and a 200-day simple moving average of $64.84. The company has a market capitalization of $14.90 billion, a P/E ratio of 7.08, a PEG ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $88.89.

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

Institutional Investors Weigh In On Aptiv

A number of institutional investors and hedge funds have recently modified their holdings of APTV. Brown Brothers Harriman & Co. boosted its position in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv in the 3rd quarter worth about $43,000. Brooklyn Investment Group acquired a new stake in Aptiv in the 3rd quarter valued at about $43,000. Finally, Mather Group LLC. increased its holdings in Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after acquiring an additional 176 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.