Aptiv (NYSE:APTV) Price Target Raised to $107.00

Aptiv (NYSE:APTV) had its price objective boosted by JPMorgan Chase & Co. from $104.00 to $107.00 in a report published on Monday, Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

Several other equities research analysts also recently issued reports on the stock. StockNews.com downgraded shares of Aptiv from a buy rating to a hold rating in a research note on Friday, July 12th. The Goldman Sachs Group reduced their price target on shares of Aptiv from $118.00 to $101.00 and set a buy rating on the stock in a research report on Wednesday, July 10th. Oppenheimer restated an outperform rating and set a $145.00 target price on shares of Aptiv in a research report on Tuesday, July 9th. Barclays lowered their price target on Aptiv from $110.00 to $105.00 and set an overweight rating for the company in a research note on Tuesday, July 16th. Finally, Bank of America lowered their target price on Aptiv from $115.00 to $105.00 and set a buy rating for the company in a research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $97.00.

Aptiv Price Performance

NYSE APTV opened at $68.94 on Monday. The firm has a market capitalization of $18.76 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.66 and a beta of 1.79. The company has a 50 day simple moving average of $72.28 and a 200-day simple moving average of $76.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 0.89. Aptiv has a 52-week low of $65.13 and a 52-week high of $105.78.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share 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 firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts predict that Aptiv will post 6.3 earnings per share for the current fiscal year.

Insider Activity

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the transaction, the director now owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of APTV. Riverview Trust Co bought a new position in Aptiv in the first quarter valued at about $25,000. Independence Bank of Kentucky acquired a new position in shares of Aptiv in the second quarter worth approximately $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Aptiv in the first quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in Aptiv in the fourth quarter worth approximately $29,000. Finally, Crewe Advisors LLC increased its holdings in Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares in 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.