Aptiv (NYSE:APTV) PT Raised to $87.00

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Aptiv (NYSE:APTV) had its target price lifted by stock analysts at UBS Group from $81.00 to $87.00 in a research report issued on Friday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. UBS Group’s target price suggests a potential upside of 8.91% from the stock’s current price.

A number of other brokerages also recently issued reports on APTV. Zacks Investment Research upgraded shares of Aptiv from a “sell” rating to a “hold” rating and set a $89.00 price target for the company in a report on Friday, August 2nd. Cowen raised their price target on shares of Aptiv from $95.00 to $102.00 and gave the stock a “top pick” rating in a report on Thursday, August 1st. Robert W. Baird lifted their target price on shares of Aptiv from $96.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Bank of America lifted their target price on shares of Aptiv from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley dropped their target price on shares of Aptiv from $67.00 to $65.00 and set an “underweight” rating for the company in a report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $91.90.

Shares of NYSE APTV opened at $79.88 on Friday. The company has a 50 day simple moving average of $81.39 and a 200-day simple moving average of $80.08. The company has a market capitalization of $21.37 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.47 and a beta of 2.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.22 and a quick ratio of 0.89. Aptiv has a 1 year low of $58.80 and a 1 year high of $92.98.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.20. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 EPS. As a group, research analysts expect that Aptiv will post 5.11 EPS for the current year.

Large investors have recently bought and sold shares of the business. Thor Advisors LLC acquired a new position in shares of Aptiv in the first quarter worth $33,000. Botty Investors LLC acquired a new position in shares of Aptiv in the first quarter worth $40,000. Essex Savings Bank grew its stake in shares of Aptiv by 88.1% in the first quarter. Essex Savings Bank now owns 555 shares of the auto parts company’s stock worth $44,000 after acquiring an additional 260 shares in the last quarter. Advisors Preferred LLC acquired a new position in shares of Aptiv in the first quarter worth $50,000. Finally, Cornerstone Advisors Inc. grew its stake in shares of Aptiv by 30.6% in the second quarter. Cornerstone Advisors Inc. now owns 692 shares of the auto parts company’s stock worth $56,000 after acquiring an additional 162 shares in the last quarter. Institutional investors and hedge funds own 93.12% of the company’s stock.

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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