Aptiv (NYSE:APTV) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Aptiv (NYSE:APTVFree Report) from an underweight rating to a neutral rating in a research note published on Thursday morning, MarketBeat.com reports. The brokerage currently has $65.00 price objective on the auto parts company’s stock, up from their prior price objective of $53.00.

APTV has been the subject of several other reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Wells Fargo & Company lowered their price target on Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Bank of America dropped their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Morgan Stanley decreased their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Finally, StockNews.com initiated coverage on shares of Aptiv in a report on Wednesday. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $85.06.

Get Our Latest Analysis on Aptiv

Aptiv Trading Down 0.8 %

Shares of APTV stock opened at $63.40 on Thursday. Aptiv has a 1 year low of $51.47 and a 1 year high of $88.89. The firm has a market capitalization of $14.90 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The stock has a fifty day moving average of $58.60 and a two-hundred day moving average of $64.79. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

Aptiv (NYSE:APTVGet Free Report) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 earnings per share. As a group, research analysts expect that Aptiv will post 6.15 EPS for the current year.

Institutional Investors Weigh In On Aptiv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Proactive Wealth Strategies LLC acquired a new stake in shares of Aptiv in the third quarter worth about $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after purchasing an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Aptiv during the third quarter worth approximately $14,893,000. Shorepath Capital Management LLC grew its holdings in Aptiv by 21.8% during the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after purchasing an additional 11,835 shares during the last quarter. Finally, National Pension Service raised its position in shares of Aptiv by 16.6% in the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after purchasing an additional 71,633 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Aptiv (NYSE:APTV)

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