Aptiv (NYSE:APTV) Raised to “Outperform” at Robert W. Baird

Aptiv (NYSE:APTVGet Free Report) was upgraded by stock analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Monday, MarketBeat reports. The brokerage currently has a $82.00 target price on the auto parts company’s stock, up from their prior target price of $75.00. Robert W. Baird’s target price suggests a potential upside of 30.56% from the company’s previous close.

Several other equities research analysts have also recently commented on APTV. Deutsche Bank Aktiengesellschaft dropped their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Wells Fargo & Company increased their price target on Aptiv from $70.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. StockNews.com assumed coverage on Aptiv in a report on Wednesday, January 22nd. They issued a “hold” rating for the company. Finally, Morgan Stanley lowered their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.47.

View Our Latest Stock Analysis on APTV

Aptiv Price Performance

APTV stock opened at $62.81 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The firm has a market capitalization of $14.76 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 0.56 and a beta of 1.75. The firm has a 50 day moving average price of $58.83 and a 200-day moving average price of $64.68. Aptiv has a 52-week low of $51.47 and a 52-week high of $88.89.

Aptiv (NYSE:APTVGet Free Report) last released 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 net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the business earned $1.30 EPS. Aptiv’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts forecast that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently bought and sold shares of APTV. Wolff Wiese Magana LLC boosted its holdings in shares of 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 acquiring an additional 155 shares in the last quarter. Mather Group LLC. raised its stake in shares of Aptiv by 36.9% during the 3rd 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 lifted its holdings in shares of Aptiv by 16.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock valued at $88,000 after buying an additional 176 shares during the period. Boston Common Asset Management LLC grew its holdings in Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock worth $249,000 after acquiring an additional 188 shares during the period. Finally, First Horizon Advisors Inc. raised its position in Aptiv by 4.9% in the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after acquiring an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Aptiv (NYSE:APTV)

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