Aptiv (NYSE:APTV) Price Target Cut to $101.00

Aptiv (NYSE:APTV) had its price target dropped by analysts at The Goldman Sachs Group from $118.00 to $101.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the auto parts company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 45.22% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. upped their price target on Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Oppenheimer restated an “outperform” rating and set a $145.00 target price on shares of Aptiv in a research report on Tuesday. Guggenheim lifted their price target on shares of Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. StockNews.com raised shares of Aptiv from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Finally, Robert W. Baird lifted their target price on shares of Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $100.92.

Aptiv Price Performance

APTV traded up $0.47 during midday trading on Wednesday, hitting $69.55. The company had a trading volume of 433,902 shares, compared to its average volume of 2,783,845. Aptiv has a twelve month low of $65.13 and a twelve month high of $113.60. The company has a market capitalization of $18.92 billion, a PE ratio of 6.55, a P/E/G ratio of 0.67 and a beta of 1.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. The firm’s 50-day simple moving average is $77.41 and its 200-day simple moving average is $78.74.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the business posted $0.91 earnings per share. Aptiv’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts predict that Aptiv will post 6.01 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the transaction, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Aptiv

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Riverview Trust Co acquired a new stake in shares of Aptiv during the first quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Aptiv in the 4th quarter valued at about $29,000. Hazlett Burt & Watson Inc. bought a new stake in Aptiv in the 1st quarter valued at about $28,000. GAMMA Investing LLC acquired a new position in shares of Aptiv during the 4th quarter worth approximately $32,000. Finally, Clearstead Trust LLC increased its holdings in shares of Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 305 shares during the period. 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.