Guggenheim Has Lowered Expectations for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its target price reduced by investment analysts at Guggenheim from $87.00 to $73.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. Guggenheim’s target price points to a potential upside of 34.24% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reduced 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. Morgan Stanley reduced their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Barclays reduced their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Oppenheimer reduced their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com began coverage on Aptiv in a research report on Tuesday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Price Performance

Shares of NYSE APTV opened at $54.38 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 fifty-two week low of $51.47 and a fifty-two week high of $91.66. The stock has a market capitalization of $12.78 billion, a PE ratio of 6.07, a P/E/G ratio of 0.46 and a beta of 1.81. The business has a fifty day moving average price of $65.09 and a two-hundred day moving average price of $70.52.

Aptiv (NYSE:APTV) last posted 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. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. Aptiv’s revenue was down 5.1% on a year-over-year basis. As a group, equities analysts predict that Aptiv will post 6.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Independence Bank of Kentucky purchased a new position in Aptiv during the second quarter worth about $25,000. Crewe Advisors LLC grew 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 buying an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Aptiv during the second quarter worth about $38,000. 94.21% of the stock is currently owned by hedge funds and other 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.