Aptiv (NYSE:APTV) Price Target Raised to $75.00 at Robert W. Baird

Aptiv (NYSE:APTV) had its price target increased by equities research analysts at Robert W. Baird from $70.00 to $75.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price target would indicate a potential upside of 19.53% from the stock’s current price.

Several other research firms also recently weighed in on APTV. Guggenheim reiterated a “buy” rating and set a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. Royal Bank of Canada lowered their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $53.00 to $65.00 in a research report on Thursday. Wells Fargo & Company lowered their price objective on Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $84.71.

Aptiv Price Performance

NYSE APTV opened at $62.75 on Thursday. The company has a market capitalization of $14.75 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.55 and a beta of 1.75. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The business’s fifty day moving average is $58.19 and its 200 day moving average is $64.84. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $88.89.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 earnings per share. Sell-side analysts predict that Aptiv will post 6.15 earnings per share for the current year.

Institutional Investors Weigh In On Aptiv

Several large investors have recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. increased its stake in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Aptiv during the third quarter worth approximately $43,000. Brooklyn Investment Group bought a new stake in Aptiv during the third quarter worth approximately $43,000. Finally, Mather Group LLC. increased its stake in Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 shares during 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.