Aptiv (NYSE:APTV) Price Target Raised to $85.00

Aptiv (NYSE:APTV) had its price target lifted by investment analysts at Bank of America from $80.00 to $85.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the auto parts company’s stock. Bank of America‘s price target would indicate a potential upside of 22.72% from the stock’s previous close.

Several other equities analysts have also recently weighed in on APTV. Piper Sandler set a $70.00 price objective on Aptiv and gave the company a “neutral” rating in a report on Thursday, May 22nd. Barclays lifted their price target on shares of Aptiv from $55.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Robert W. Baird reduced their price target on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Guggenheim downgraded shares of Aptiv from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley dropped their price objective on shares of Aptiv from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $81.56.

Aptiv Trading Up 3.0%

APTV stock traded up $2.02 during midday trading on Monday, reaching $69.27. The company’s stock had a trading volume of 232,571 shares, compared to its average volume of 3,471,273. Aptiv has a 52 week low of $47.19 and a 52 week high of $80.95. The stock has a market cap of $15.08 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.62 and a beta of 1.47. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The business’s 50-day simple moving average is $61.06 and its 200-day simple moving average is $61.35.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 EPS. As a group, sell-side analysts expect that Aptiv will post 7.2 EPS for the current year.

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently made changes to their positions in the company. 1248 Management LLC acquired a new stake in Aptiv in the first quarter valued at $34,000. Strs Ohio bought a new stake in shares of Aptiv in the 1st quarter valued at about $26,180,000. Foresight Group Ltd Liability Partnership acquired a new stake in Aptiv in the 1st quarter valued at about $6,276,000. Jacobi Capital Management LLC grew its holdings in Aptiv by 10.6% during the first quarter. Jacobi Capital Management LLC now owns 13,167 shares of the auto parts company’s stock worth $783,000 after purchasing an additional 1,264 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after buying an additional 398 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.