Morgan Stanley Lowers Aptiv (NYSE:APTV) Price Target to $60.00

Aptiv (NYSE:APTV) had its price target decreased by investment analysts at Morgan Stanley from $68.00 to $60.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the auto parts company’s stock. Morgan Stanley’s target price points to a potential upside of 13.36% from the stock’s current price.

A number of other research analysts have also commented on the company. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price target on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. StockNews.com assumed coverage on Aptiv in a research report on Monday, November 11th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Barclays lowered their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Two 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.53.

Aptiv Trading Down 2.0 %

NYSE APTV opened at $52.93 on Thursday. Aptiv has a 1-year low of $52.14 and a 1-year high of $91.66. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average of $66.82 and a 200-day moving average of $71.48. The firm has a market cap of $12.44 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 EPS. As a group, sell-side analysts forecast that Aptiv will post 6.18 EPS for the current year.

Hedge Funds Weigh In On Aptiv

A number of large investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC raised its stake in Aptiv by 44.3% in the third 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 in the last quarter. Signaturefd LLC raised its stake in Aptiv by 6.2% in the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after buying an additional 156 shares in the last quarter. Mather Group LLC. raised its stake in Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after buying an additional 176 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Aptiv by 16.8% in the third 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 in the last quarter. Finally, Crewe Advisors LLC grew its holdings in Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the last quarter. 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.