Morgan Stanley Lowers Aptiv (NYSE:APTV) Price Target to $68.00

Aptiv (NYSE:APTV) had its price objective trimmed by Morgan Stanley from $70.00 to $68.00 in a research report released on Wednesday, Benzinga reports. The firm currently has an underweight rating on the auto parts company’s stock.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reissued a hold rating and set a $74.00 price objective on shares of Aptiv in a report on Tuesday, September 10th. Robert W. Baird reduced their price target on Aptiv from $90.00 to $83.00 and set a neutral rating on the stock in a report on Friday, July 12th. Barclays cut their target price on shares of Aptiv from $105.00 to $100.00 and set an overweight rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Aptiv from $104.00 to $107.00 and gave the company an overweight rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada raised their target price on Aptiv from $85.00 to $87.00 and gave the stock an outperform rating in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $95.31.

Aptiv Stock Performance

Aptiv stock opened at $74.24 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. The stock has a market cap of $20.20 billion, a PE ratio of 7.00, a P/E/G ratio of 0.65 and a beta of 1.79. Aptiv has a 12-month low of $63.62 and a 12-month high of $100.88. The business’s 50-day moving average price is $69.47 and its two-hundred day moving average price is $73.88.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period in the previous year, the firm posted $1.25 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. As a group, analysts expect that Aptiv will post 6.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Riverview Trust Co acquired a new position in Aptiv during the 1st quarter valued at about $25,000. Independence Bank of Kentucky bought a new stake in shares of Aptiv during the 2nd quarter worth $25,000. Hazlett Burt & Watson Inc. bought a new stake in shares of Aptiv during the 1st quarter valued at $28,000. Crewe Advisors LLC increased its position in shares of Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after buying an additional 215 shares during the period. Finally, Clearstead Trust LLC grew 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 in the last quarter. 94.21% of the stock is 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.