Aptiv PLC (NYSE:APTV) Given Average Rating of “Moderate Buy” by Analysts

Shares of Aptiv PLC (NYSE:APTV) have been given a consensus rating of “Moderate Buy” by the nineteen analysts 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 given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $87.00.

APTV has been the topic of a number of recent analyst reports. TD Cowen dropped their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Evercore ISI lowered their target price on Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Wells Fargo & Company upgraded Aptiv from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Finally, Citigroup lowered their target price on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 12th.

Aptiv Stock Down 1.2 %

APTV stock opened at $55.24 on Wednesday. The stock’s 50 day moving average is $68.94 and its 200-day moving average is $72.23. The firm has a market capitalization of $14.68 billion, a PE ratio of 6.17, a P/E/G ratio of 0.52 and a beta of 1.81. Aptiv has a twelve month low of $53.96 and a twelve month high of $91.66. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for 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 quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.30 earnings per share. Sell-side analysts expect that Aptiv will post 6.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Institutional investors have recently added to or reduced their stakes in the business. Independence Bank of Kentucky bought a new position in Aptiv in the 2nd quarter worth about $25,000. Clearstead Trust LLC increased its position in shares of Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 305 shares during the last quarter. Crewe Advisors LLC increased its position in shares of Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares during the last quarter. Wolff Wiese Magana LLC increased its position in shares of Aptiv by 44.3% during the 3rd 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 last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Aptiv during the 2nd quarter valued at about $38,000. 94.21% of the stock is currently owned by institutional investors.

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.