Aptiv (APTV) Upgraded by Berenberg Bank to “Buy”

Berenberg Bank upgraded shares of Aptiv (NYSE:APTV) from a hold rating to a buy rating in a research note issued to investors on Wednesday, MarketBeat.com reports.

Several other research firms have also recently commented on APTV. UBS started coverage on shares of Aptiv in a research report on Wednesday, December 6th. They issued a neutral rating for the company. Barclays restated a buy rating and issued a $104.00 target price on shares of Aptiv in a research report on Sunday, January 21st. Susquehanna Bancshares set a $108.00 target price on shares of Aptiv and gave the stock a buy rating in a research report on Wednesday, March 14th. Evercore ISI began coverage on shares of Aptiv in a research report on Wednesday, December 13th. They issued an outperform rating and a $92.00 target price for the company. Finally, Robert W. Baird reiterated a buy rating and issued a $104.00 price objective on shares of Aptiv in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $98.86.

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NYSE APTV opened at $83.82 on Wednesday. Aptiv has a 52 week low of $61.73 and a 52 week high of $96.91. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $22,835.64, a price-to-earnings ratio of 13.77, a PEG ratio of 1.24 and a beta of 1.49.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 1st. The auto parts company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.05). Aptiv had a return on equity of 50.01% and a net margin of 8.27%. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the company posted $1.83 EPS. Aptiv’s revenue for the quarter was up 7.7% on a year-over-year basis. equities analysts expect that Aptiv will post 5.14 earnings per share for the current year.

In related news, SVP David Paja sold 6,287 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total transaction of $578,906.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank J. Dellaquila bought 500 shares of Aptiv stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $86.50 per share, with a total value of $43,250.00. The disclosure for this purchase can be found here. Company insiders own 0.32% of the company’s stock.

A number of large investors have recently modified their holdings of APTV. Cerebellum GP LLC bought a new stake in Aptiv during the fourth quarter worth approximately $127,000. Huntington National Bank bought a new stake in Aptiv during the fourth quarter worth approximately $138,000. Northwestern Mutual Wealth Management Co. bought a new stake in Aptiv during the fourth quarter worth approximately $144,000. BB&T Investment Services Inc. bought a new stake in Aptiv during the fourth quarter worth approximately $145,000. Finally, IFP Advisors Inc bought a new stake in Aptiv during the fourth quarter worth approximately $162,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

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Aptiv Company Profile

Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.

Analyst Recommendations for Aptiv (NYSE:APTV)

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