Brokerages Set Aptiv PLC (NYSE:APTV) Price Target at $95.31

Shares of Aptiv PLC (NYSE:APTV) have been assigned an average recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $95.13.

Several brokerages have recently issued reports on APTV. Barclays lowered their price objective on shares of Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Citigroup lowered their price objective on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Finally, UBS Group decreased their price target on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th.

Aptiv Trading Down 0.3 %

NYSE:APTV opened at $71.10 on Friday. The company’s 50 day moving average is $69.91 and its 200-day moving average is $73.18. The firm has a market cap of $19.34 billion, a price-to-earnings ratio of 6.70, a P/E/G ratio of 0.65 and a beta of 1.79. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. Aptiv has a 12 month low of $63.62 and a 12 month high of $98.28.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. The business had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. Aptiv’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $1.25 earnings per share. Equities analysts anticipate that Aptiv will post 6.28 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverview Trust Co bought a new position in shares of Aptiv in the first quarter valued at about $25,000. Independence Bank of Kentucky bought a new position in shares of Aptiv in the second quarter valued at about $25,000. Hazlett Burt & Watson Inc. bought a new position in shares of Aptiv in the first quarter valued at about $28,000. Clearstead Trust LLC raised its holdings in shares of Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after buying an additional 305 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Aptiv in the first quarter valued at about $33,000. 94.21% of the stock is owned by 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.