Aptiv (NYSE:APTV) Price Target Raised to $82.00 at Royal Bank of Canada

Aptiv (NYSE:APTV) had its price objective lifted by Royal Bank of Canada from $75.00 to $82.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

Several other research firms have also weighed in on APTV. Oppenheimer upped their target price on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday. Wells Fargo & Company raised their price objective on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Finally, Barclays reduced their price objective on Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.72.

Aptiv Stock Performance

NYSE:APTV opened at $64.09 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $60.06 and a 200 day moving average price of $64.24. The firm has a market capitalization of $15.06 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 0.55 and a beta of 1.74. Aptiv has a 12-month low of $51.47 and a 12-month high of $85.56.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Research analysts anticipate that Aptiv will post 6.18 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

Several institutional investors and hedge funds have recently made changes to their positions in APTV. FMR LLC grew its stake in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after buying an additional 5,002,090 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after buying an additional 1,090,766 shares during the period. Victory Capital Management Inc. increased its stake in shares of Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after acquiring an additional 223,831 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Aptiv by 19.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after acquiring an additional 468,069 shares during the period. 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.