JPMorgan Chase & Co. Boosts Aptiv (NYSE:APTV) Price Target to $113.00

Aptiv (NYSE:APTV) had its price target lifted by JPMorgan Chase & Co. from $107.00 to $113.00 in a research note released on Monday, Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Several other research analysts have also weighed in on the stock. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. UBS Group decreased their price target on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. StockNews.com downgraded Aptiv from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Evercore ISI decreased their target price on Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. Finally, Citigroup dropped their price target on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.50.

Aptiv Price Performance

Shares of APTV stock opened at $69.53 on Monday. The firm’s 50 day moving average price is $70.22 and its two-hundred day moving average price is $72.87. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. Aptiv has a 52-week low of $63.62 and a 52-week high of $91.66. The stock has a market cap of $18.92 billion, a PE ratio of 6.55, a PEG ratio of 0.65 and a beta of 1.79.

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

Hedge Funds Weigh In On Aptiv

Large investors have recently modified their holdings of the business. Broderick Brian C raised 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 in the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares during the last quarter. Signaturefd LLC grew its stake in shares of Aptiv by 6.2% in the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after buying an additional 156 shares in the last quarter. Mather Group LLC. increased its holdings in Aptiv by 36.9% during 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 during the last quarter. Finally, Crewe Advisors LLC raised its position in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 215 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.