Aptiv (NYSE:APTV) Price Target Raised to $86.00

Aptiv (NYSE:APTV) had its price objective upped by Wells Fargo & Company from $76.00 to $86.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

Several other research firms have also recently issued reports on APTV. JPMorgan Chase & Co. upped their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and increased their price objective for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. Raymond James reiterated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Morgan Stanley lowered their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Finally, Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $53.00 to $65.00 in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $86.72.

Aptiv Price Performance

APTV opened at $64.09 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53. The stock has a market capitalization of $15.06 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.54 and a beta of 1.74. The company’s 50-day simple moving average is $60.23 and its two-hundred day simple moving average is $64.17. Aptiv has a 52-week low of $51.47 and a 52-week high of $85.56.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, analysts predict that Aptiv will post 7.14 EPS for the current year.

Institutional Investors Weigh In On Aptiv

Several large investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. increased its position in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC increased its position in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Aptiv during the third quarter valued at $43,000. Brooklyn Investment Group bought a new position in Aptiv during the third quarter valued at $43,000. Finally, Mather Group LLC. increased its position in Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Company Profile

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.