Aptiv (NYSE:APTV) Given New $102.00 Price Target at Bank of America

Aptiv (NYSE:APTV) had its target price decreased by Bank of America from $105.00 to $102.00 in a report published on Monday morning, Benzinga reports. Bank of America currently has a buy rating on the auto parts company’s stock.

Several other equities analysts have also issued reports on APTV. UBS Group cut their target price on Aptiv from $107.00 to $99.00 and set a buy rating on the stock in a research note on Wednesday, July 10th. StockNews.com lowered Aptiv from a buy rating to a hold rating in a research note on Friday, July 12th. JPMorgan Chase & Co. lifted their target price on Aptiv from $104.00 to $107.00 and gave the company an overweight rating in a research note on Monday, August 5th. Royal Bank of Canada raised their price target on Aptiv from $85.00 to $87.00 and gave the stock an outperform rating in a report on Thursday, September 5th. Finally, The Goldman Sachs Group lowered their price target on Aptiv from $118.00 to $101.00 and set a buy rating for the company in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $95.13.

Aptiv Stock Performance

Shares of Aptiv stock opened at $71.10 on Monday. The firm has a market cap of $19.34 billion, a P/E ratio of 6.70, a P/E/G ratio of 0.65 and a beta of 1.79. The company has a current ratio of 1.49, a quick ratio of 1.09 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. The stock’s fifty day moving average price is $69.91 and its 200-day moving average price is $73.18.

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

Institutional Investors Weigh In On Aptiv

A number of institutional investors and hedge funds have recently modified their holdings of the company. Riverview Trust Co acquired a new position in Aptiv in the first quarter valued at approximately $25,000. Independence Bank of Kentucky purchased a new stake in shares of Aptiv in the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Aptiv in the first quarter valued at approximately $28,000. Crewe Advisors LLC increased its position in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after buying an additional 215 shares in the last quarter. Finally, Clearstead Trust LLC increased its position 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 in the last quarter. Institutional investors and hedge funds 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.