Aptiv PLC (NYSE:APTV) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Aptiv PLC (NYSE:APTV) have been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $84.29.

Several analysts recently issued reports on the stock. TD Cowen dropped their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Barclays cut their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, Wolfe Research initiated coverage on shares of Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target on the stock.

Hedge Funds Weigh In On Aptiv

Several hedge funds have recently bought and sold shares of APTV. Crewe Advisors LLC lifted its holdings in Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares in the last quarter. Wolff Wiese Magana LLC boosted its holdings in Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares during the period. Cullen Frost Bankers Inc. purchased a new position in Aptiv in the second quarter worth approximately $38,000. Finally, Capital Performance Advisors LLP acquired a new position in Aptiv during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Performance

NYSE APTV opened at $59.95 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv has a 1-year low of $51.47 and a 1-year high of $91.66. The company has a market cap of $14.09 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. The stock’s 50 day simple moving average is $59.16 and its 200-day simple moving average is $66.45.

Aptiv (NYSE:APTV) last announced its quarterly earnings data 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. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Aptiv will post 6.15 EPS for the current fiscal year.

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.