Aptiv (NYSE:APTV) Price Target Lowered to $83.00 at Oppenheimer

by · The Cerbat Gem

Aptiv (NYSE:APTV – Free Report) had its price target lowered by Oppenheimer from $147.00 to $83.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has an outperform rating on the auto parts company’s stock.

Several other equities analysts have also weighed in on the stock. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Royal Bank of Canada decreased their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday. Evercore ISI cut their target price on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. StockNews.com initiated coverage on shares of Aptiv in a research report on Saturday, October 26th. They set a “hold” rating on the stock. Finally, UBS Group decreased their target price on Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.18.

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Aptiv Stock Down 0.8 %

NYSE APTV traded down $0.46 during trading on Friday, reaching $56.37. 6,184,402 shares of the company’s stock were exchanged, compared to its average volume of 3,042,018. The firm has a market capitalization of $14.98 billion, a PE ratio of 4.26, a P/E/G ratio of 0.63 and a beta of 1.79. Aptiv has a fifty-two week low of $54.70 and a fifty-two week high of $91.66. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $69.58 and its 200-day simple moving average is $72.41.

Aptiv (NYSE:APTV – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the company earned $1.30 earnings per share. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. Sell-side analysts predict that Aptiv will post 6.23 EPS for the current year.

Institutional Investors Weigh In On Aptiv

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Broderick Brian C lifted its stake in Aptiv by 0.6% in the first quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock valued at $1,731,000 after acquiring an additional 132 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares during the period. Signaturefd LLC increased its position in Aptiv by 6.2% during the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after buying an additional 156 shares during the last quarter. Mather Group LLC. raised its stake in Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after buying an additional 176 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of 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 buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

About Aptiv

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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.

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