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

Aptiv (NYSE:APTV) had its price objective lowered by investment analysts at Morgan Stanley from $70.00 to $68.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “underweight” rating on the auto parts company’s stock. Morgan Stanley’s price target would indicate a potential downside of 5.96% from the company’s previous close.

Several other brokerages have also weighed in on APTV. Piper Sandler lowered shares of Aptiv from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $78.00 to $63.00 in a research note on Wednesday, June 26th. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Royal Bank of Canada raised their price objective on shares of Aptiv from $85.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Robert W. Baird lowered their price objective on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.31.

Aptiv Trading Up 2.5 %

Shares of APTV stock opened at $72.31 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. The firm has a market cap of $19.67 billion, a PE ratio of 6.82, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79. The company has a 50-day moving average of $69.46 and a two-hundred day moving average of $73.90. Aptiv has a 1-year low of $63.62 and a 1-year high of $100.88.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Broderick Brian C raised its holdings in Aptiv by 0.6% during the first quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock worth $1,731,000 after purchasing an additional 132 shares in the last quarter. Signaturefd LLC raised its holdings in Aptiv by 6.2% during the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after purchasing an additional 156 shares in the last quarter. Lindbrook Capital LLC raised its holdings in Aptiv by 27.3% during the first quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 174 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Aptiv by 1.2% in the 4th quarter. Advisory Services Network LLC now owns 14,892 shares of the auto parts company’s stock valued at $1,336,000 after acquiring an additional 180 shares during the period. Finally, Jacobi Capital Management LLC increased its holdings in shares of Aptiv by 1.7% in the 4th quarter. Jacobi Capital Management LLC now owns 11,700 shares of the auto parts company’s stock valued at $1,050,000 after acquiring an additional 200 shares during the period. Hedge funds and other 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.