Aptiv (NYSE:APTV) Price Target Lowered to $65.00 at Robert W. Baird

Aptiv (NYSE:APTV) had its price target lowered by Robert W. Baird from $85.00 to $65.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

A number of other research firms have also recently weighed in on APTV. Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Royal Bank of Canada upped their target price on Aptiv from $85.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. The Goldman Sachs Group dropped their price objective on Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Oppenheimer reiterated an “outperform” rating and set a $145.00 target price on shares of Aptiv in a research report on Tuesday, July 9th. Finally, Evercore ISI decreased their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and an average price target of $88.18.

Aptiv Stock Down 0.8 %

NYSE APTV opened at $56.37 on Friday. The stock has a 50 day moving average price of $69.58 and a 200-day moving average price of $72.43. Aptiv has a one year low of $54.70 and a one year high of $91.66. The company has a market capitalization of $14.98 billion, a P/E ratio of 6.29, a P/E/G ratio of 0.52 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.09 and a current ratio of 1.50.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping 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 firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the firm posted $1.30 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities analysts predict that Aptiv will post 6.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Broderick Brian C grew its holdings in Aptiv by 0.6% during the first quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock worth $1,731,000 after acquiring an additional 132 shares during the period. Wolff Wiese Magana LLC raised its holdings in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares during the period. Signaturefd LLC boosted its position in Aptiv by 6.2% during the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after purchasing an additional 156 shares in the last quarter. Mather Group LLC. increased its position 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 buying an additional 176 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Aptiv by 16.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after buying an additional 176 shares during the period. Hedge funds and other institutional investors 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.