Aptiv (NYSE:APTV) Price Target Lowered to $85.00 at Royal Bank of Canada

Aptiv (NYSE:APTV) had its price objective reduced by Royal Bank of Canada from $86.00 to $85.00 in a report published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

Several other equities analysts have also recently issued reports on APTV. Robert W. Baird reduced their target price on Aptiv from $90.00 to $83.00 and set a neutral rating on the stock in a research note on Friday, July 12th. Morgan Stanley dropped their price target on Aptiv from $75.00 to $70.00 and set an underweight rating on the stock in a research report on Wednesday. Guggenheim boosted their target price on Aptiv from $92.00 to $94.00 and gave the stock a buy rating in a report on Wednesday, May 8th. The Goldman Sachs Group dropped their target price on Aptiv from $118.00 to $101.00 and set a buy rating on the stock in a report on Wednesday, July 10th. Finally, Wells Fargo & Company dropped their target price on Aptiv from $82.00 to $78.00 and set an equal weight rating on the stock in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $96.64.

Aptiv Trading Up 2.0 %

Aptiv stock traded up $1.31 during trading hours on Wednesday, reaching $68.29. The company had a trading volume of 208,883 shares, compared to its average volume of 2,927,328. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 0.89. The company has a 50-day moving average price of $71.01 and a 200 day moving average price of $76.09. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 6.31, a P/E/G ratio of 0.66 and a beta of 1.79. Aptiv has a 12-month low of $65.13 and a 12-month high of $104.72.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the previous year, the firm earned $1.25 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Equities analysts forecast that Aptiv will post 6.3 earnings per share for the current year.

Insider Activity

In related news, Director Nancy E. Cooper sold 394 shares of the company’s 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 completion of the sale, the director now owns 13,636 shares in the company, valued at $1,049,699.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Aptiv

A number of hedge funds have recently bought and sold shares of the company. Capital World Investors purchased a new stake in Aptiv in the first quarter worth about $343,760,000. EdgePoint Investment Group Inc. purchased a new stake in Aptiv in the first quarter worth about $335,426,000. Norges Bank purchased a new stake in Aptiv in the fourth quarter worth about $302,902,000. Massachusetts Financial Services Co. MA increased its position in Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after buying an additional 1,764,844 shares in the last quarter. Finally, Ariel Investments LLC purchased a new stake in Aptiv in the first quarter worth about $85,880,000. Hedge funds and other 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.