Oppenheimer Issues Positive Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price target lifted by Oppenheimer from $83.00 to $85.00 in a report published on Friday,Benzinga reports. Oppenheimer currently has an outperform rating on the auto parts company’s stock.

A number of other research firms have also recently issued reports on APTV. Wells Fargo & Company boosted their price objective on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Friday. Morgan Stanley reduced their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Bank of America decreased their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Royal Bank of Canada dropped their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus price target of $86.72.

Aptiv Trading Up 1.0 %

APTV stock opened at $64.09 on Friday. The firm’s fifty day simple moving average is $60.06 and its two-hundred day simple moving average is $64.24. The stock has a market capitalization of $15.06 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.55 and a beta of 1.74. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv has a twelve month low of $51.47 and a twelve month high of $85.56.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that Aptiv will post 6.18 earnings per share for the current year.

Institutional Investors Weigh In On Aptiv

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its holdings in shares of Aptiv by 8.8% during the 2nd quarter. Cetera Investment Advisers now owns 35,658 shares of the auto parts company’s stock valued at $2,511,000 after purchasing an additional 2,895 shares during the last quarter. Czech National Bank increased its position in Aptiv by 4.4% during the 3rd quarter. Czech National Bank now owns 54,138 shares of the auto parts company’s stock valued at $3,898,000 after buying an additional 2,293 shares in 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 last quarter. First Affirmative Financial Network acquired a new stake in Aptiv in the third quarter worth about $208,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Aptiv by 7.1% during the third quarter. Exchange Traded Concepts LLC now owns 162,370 shares of the auto parts company’s stock worth $11,692,000 after acquiring an additional 10,817 shares during 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.