Aptiv (NYSE:APTV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a report released on Monday. The firm issued a hold rating on the auto parts company’s stock.

A number of other brokerages have also recently issued reports on APTV. Barclays cut their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. TD Cowen cut their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Bank of America lowered their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Royal Bank of Canada cut their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.29.

Aptiv Price Performance

Shares of NYSE APTV opened at $60.81 on Monday. The company’s fifty day moving average is $57.14 and its two-hundred day moving average is $65.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The firm has a market capitalization of $14.29 billion, a P/E ratio of 6.79, a PEG ratio of 0.59 and a beta of 1.75. Aptiv has a one year low of $51.47 and a one year high of $88.89.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 earnings per share. Analysts forecast that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC grew its stake in Aptiv by 44.3% in 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 in the last quarter. Mather Group LLC. lifted its holdings in Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after buying an additional 176 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Aptiv by 16.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after acquiring an additional 176 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Aptiv by 4.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock valued at $334,000 after acquiring an additional 218 shares during the last quarter. Finally, 1834 Investment Advisors Co. raised its position in shares of Aptiv by 6.6% during the 3rd quarter. 1834 Investment Advisors Co. now owns 4,483 shares of the auto parts company’s stock valued at $323,000 after acquiring an additional 276 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

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.