Wells Fargo & Company Increases Aptiv (NYSE:APTV) Price Target to $86.00

Aptiv (NYSE:APTV) had its price objective boosted by stock analysts at Wells Fargo & Company from $76.00 to $86.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 32.63% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. TD Cowen dropped their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada dropped their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Guggenheim reaffirmed a “buy” rating and set a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Finally, Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $75.00 to $82.00 in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $86.22.

Aptiv Stock Performance

NYSE APTV opened at $64.84 on Friday. The firm’s fifty day moving average price is $60.06 and its two-hundred day moving average price is $64.24. Aptiv has a 1 year low of $51.47 and a 1 year high of $85.56. The firm has a market capitalization of $15.24 billion, a P/E ratio of 7.26, a price-to-earnings-growth ratio of 0.55 and a beta of 1.74. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. As a group, research analysts anticipate that Aptiv will post 6.18 EPS for the current year.

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers grew its position in Aptiv by 8.8% in the second quarter. Cetera Investment Advisers now owns 35,658 shares of the auto parts company’s stock valued at $2,511,000 after acquiring an additional 2,895 shares during the last quarter. Czech National Bank boosted its stake in shares of Aptiv by 4.4% in the 3rd quarter. Czech National Bank now owns 54,138 shares of the auto parts company’s stock valued at $3,898,000 after purchasing an additional 2,293 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Aptiv by 36.9% during the 3rd 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 during the last quarter. First Affirmative Financial Network bought a new position in Aptiv in the 3rd quarter valued at approximately $208,000. Finally, Exchange Traded Concepts LLC boosted its position in Aptiv by 7.1% in the third quarter. Exchange Traded Concepts LLC now owns 162,370 shares of the auto parts company’s stock valued at $11,692,000 after buying an additional 10,817 shares in the last quarter. 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.