Aptiv (NYSE:APTV) PT Raised to $102.00 at Citigroup

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Aptiv (NYSE:APTV) had its target price boosted by Citigroup from $90.00 to $102.00 in a research report report published on Thursday morning, The Fly reports. They currently have a buy rating on the auto parts company’s stock.

APTV has been the subject of a number of other research reports. Buckingham Research cut their target price on shares of Aptiv from $80.00 to $76.00 and set a neutral rating for the company in a research report on Tuesday, May 7th. ValuEngine raised shares of Aptiv from a hold rating to a buy rating in a research report on Thursday. Credit Suisse Group began coverage on shares of Aptiv in a research report on Wednesday, June 26th. They set an outperform rating and a $78.92 target price for the company. KeyCorp boosted their target price on shares of Aptiv from $95.00 to $105.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. Finally, Jefferies Financial Group boosted their target price on shares of Aptiv from $100.00 to $107.00 and gave the stock a buy rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $92.16.

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

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Tuesday, August 6th. Aptiv’s dividend payout ratio is currently 16.73%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its stake in shares of Aptiv by 10.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,724 shares of the auto parts company’s stock worth $107,000 after acquiring an additional 163 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Aptiv by 37.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,401,723 shares of the auto parts company’s stock worth $86,306,000 after acquiring an additional 384,616 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Aptiv in the fourth quarter worth approximately $432,000. Legal & General Group Plc boosted its stake in shares of Aptiv by 0.9% in the fourth quarter. Legal & General Group Plc now owns 144,816 shares of the auto parts company’s stock worth $8,916,000 after acquiring an additional 1,345 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Aptiv by 11.9% in the fourth quarter. FMR LLC now owns 3,383,091 shares of the auto parts company’s stock worth $208,296,000 after acquiring an additional 360,089 shares during the last quarter. 94.49% of the stock is owned by institutional investors and hedge funds.

About Aptiv

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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