Aptiv (NYSE:APTV) Given New $76.00 Price Target at Wells Fargo & Company

Aptiv (NYSE:APTV) had its price target raised by Wells Fargo & Company from $70.00 to $76.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

APTV has been the subject of several other research reports. Royal Bank of Canada reduced their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Guggenheim restated a “buy” rating and set a $73.00 price target on shares of Aptiv in a research note on Thursday, December 5th. Robert W. Baird upped their price objective on Aptiv from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday. Fox Advisors downgraded Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. upped their price target on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.06.

Aptiv Trading Down 0.8 %

Shares of APTV stock opened at $63.40 on Thursday. 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 company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.56 and a beta of 1.75. Aptiv has a 52-week low of $51.47 and a 52-week high of $88.89. The company has a 50-day simple moving average of $58.60 and a two-hundred day simple moving average of $64.79.

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

Institutional Trading of Aptiv

Several hedge funds have recently added to or reduced their stakes in APTV. abrdn plc bought a new stake in Aptiv in the fourth quarter valued at approximately $30,374,000. CENTRAL TRUST Co increased its stake in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares during the period. River Street Advisors LLC raised its holdings in Aptiv by 23.6% during the 4th quarter. River Street Advisors LLC now owns 4,694 shares of the auto parts company’s stock valued at $284,000 after buying an additional 895 shares during the last quarter. Caprock Group LLC boosted its position in Aptiv by 80.2% during the 4th quarter. Caprock Group LLC now owns 9,774 shares of the auto parts company’s stock valued at $591,000 after buying an additional 4,351 shares during the period. Finally, OLD Second National Bank of Aurora grew its holdings in Aptiv by 13.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 24,308 shares of the auto parts company’s stock worth $1,470,000 after acquiring an additional 2,893 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

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.