Aptiv PLC (NYSE:APTV) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Aptiv PLC (NYSE:APTV) have earned an average recommendation of “Moderate Buy” from the twenty-four research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, sixteen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $86.50.

Several equities research analysts recently commented on the stock. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. Argus upgraded shares of Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company increased their price objective on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday, February 7th. Finally, Barclays upped their price target on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th.

Institutional Investors Weigh In On Aptiv

A number of large investors have recently bought and sold shares of APTV. Farther Finance Advisors LLC grew its stake in Aptiv by 16.8% in the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock valued at $88,000 after acquiring an additional 176 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Aptiv by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock worth $22,806,000 after purchasing an additional 3,400 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Aptiv in the 3rd quarter valued at $43,000. Assetmark Inc. increased its stake in Aptiv by 15.8% during the 3rd quarter. Assetmark Inc. now owns 3,837 shares of the auto parts company’s stock valued at $276,000 after purchasing an additional 523 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in Aptiv by 0.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 97,803 shares of the auto parts company’s stock worth $7,043,000 after buying an additional 581 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Down 3.6 %

Shares of APTV opened at $64.40 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv has a 52 week low of $51.47 and a 52 week high of $85.56. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 0.62 and a beta of 1.78. The stock has a fifty day moving average of $63.42 and a 200-day moving average of $63.66.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, sell-side analysts anticipate that Aptiv will post 7.2 earnings per share for the current fiscal year.

About Aptiv

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.