Aptiv (NYSE:APTV) Price Target Raised to $94.00 at Guggenheim

Aptiv (NYSE:APTV) had its price target upped by Guggenheim from $92.00 to $94.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. Guggenheim’s target price indicates a potential upside of 13.29% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. UBS Group lifted their target price on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Citigroup lowered their price objective on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Barclays decreased their target price on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Piper Sandler dropped their price target on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Finally, Royal Bank of Canada lowered their target price on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average target price of $108.31.

Aptiv Price Performance

Aptiv stock traded down $0.03 during mid-day trading on Wednesday, reaching $82.97. 789,490 shares of the company were exchanged, compared to its average volume of 2,733,753. The company has a fifty day simple moving average of $76.35 and a 200-day simple moving average of $80.42. The firm has a market cap of $22.57 billion, a PE ratio of 7.78, a PEG ratio of 0.97 and a beta of 1.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. Aptiv has a 12 month low of $68.84 and a 12 month high of $113.60.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the business posted $0.91 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that Aptiv will post 5.99 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Institutional Trading of Aptiv

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverview Trust Co purchased a new stake in Aptiv in the 1st quarter valued at $25,000. Hazlett Burt & Watson Inc. bought a new position in shares of Aptiv in the first quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in Aptiv during the fourth quarter worth $29,000. GAMMA Investing LLC bought a new position in Aptiv in the 4th quarter valued at $32,000. Finally, Mather Group LLC. purchased a new position in shares of Aptiv in the 1st quarter worth about $33,000. 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.