Robert W. Baird Issues Positive Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price target upped by Robert W. Baird from $70.00 to $75.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

A number of other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. StockNews.com started coverage on Aptiv in a research report on Wednesday. They set a “hold” rating for the company. Barclays dropped their target price on Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, TD Cowen dropped their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $85.06.

Aptiv Stock Up 2.0 %

Shares of NYSE:APTV opened at $64.02 on Thursday. The firm has a market capitalization of $15.05 billion, a P/E ratio of 7.14, a P/E/G ratio of 0.55 and a beta of 1.75. 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 stock has a 50 day moving average price of $58.19 and a 200-day moving average price of $64.84. Aptiv has a 52-week low of $51.47 and a 52-week high of $88.89.

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

Institutional Investors Weigh In On Aptiv

A number of large investors have recently made changes to their positions in APTV. Brown Brothers Harriman & Co. grew 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 buying an additional 409 shares during the period. Wolff Wiese Magana LLC grew its position in shares of Aptiv by 44.3% during the 3rd 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 period. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv in the 3rd quarter worth $43,000. Brooklyn Investment Group bought a new position in Aptiv in the 3rd quarter worth $43,000. Finally, Mather Group LLC. lifted 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 purchasing an additional 176 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

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.