Credit Suisse Group Boosts Aptiv (NYSE:APTV) Price Target to $96.00

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Aptiv (NYSE:APTV) had its price objective hoisted by Credit Suisse Group from $90.00 to $96.00 in a research report released on Thursday morning, The Fly reports. Credit Suisse Group currently has an outperform rating on the auto parts company’s stock.

Other equities research analysts have also recently issued research reports about the company. Wolfe Research cut Aptiv from an outperform rating to a peer perform rating in a report on Thursday, April 18th. Robert W. Baird raised their price objective on Aptiv from $103.00 to $109.00 and gave the stock an outperform rating in a report on Tuesday, June 11th. ValuEngine upgraded Aptiv from a hold rating to a buy rating in a report on Thursday. KeyCorp raised their price objective on Aptiv from $95.00 to $105.00 and gave the stock an overweight rating in a report on Monday, April 22nd. Finally, Zacks Investment Research cut Aptiv from a hold rating to a sell rating and set a $80.00 price objective on the stock. in a report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Aptiv has a consensus rating of Buy and an average price target of $92.16.

APTV stock opened at $81.33 on Thursday. Aptiv has a 52-week low of $58.80 and a 52-week high of $98.77. The business’s fifty day simple moving average is $79.66. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $21.33 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.46 and a beta of 2.06.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.20. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter last year, the firm earned $1.40 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that Aptiv will post 5.12 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Tuesday, August 6th. Aptiv’s dividend payout ratio (DPR) is currently 16.73%.

Several institutional investors and hedge funds have recently modified their holdings of APTV. Artisan Partners Limited Partnership raised its position in Aptiv by 7.2% in the first quarter. Artisan Partners Limited Partnership now owns 7,567,450 shares of the auto parts company’s stock valued at $601,537,000 after purchasing an additional 507,774 shares during the period. Lazard Asset Management LLC raised its position in Aptiv by 1.4% in the first quarter. Lazard Asset Management LLC now owns 5,879,004 shares of the auto parts company’s stock valued at $467,321,000 after purchasing an additional 83,653 shares during the period. Janus Henderson Group PLC raised its position in Aptiv by 0.9% in the second quarter. Janus Henderson Group PLC now owns 4,511,620 shares of the auto parts company’s stock valued at $365,003,000 after purchasing an additional 41,542 shares during the period. Neuberger Berman Group LLC raised its position in Aptiv by 1.6% in the first quarter. Neuberger Berman Group LLC now owns 3,854,860 shares of the auto parts company’s stock valued at $306,363,000 after purchasing an additional 61,182 shares during the period. Finally, FMR LLC raised its position in Aptiv by 11.9% in the fourth quarter. FMR LLC now owns 3,383,091 shares of the auto parts company’s stock valued at $208,296,000 after purchasing an additional 360,089 shares during the period. 94.49% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Company Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Analyst Recommendations for Aptiv (NYSE:APTV)

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