Aptiv (NYSE:APTV) Earns “Outperform” Rating from BNP Paribas Exane

Aptiv (NYSE:APTV – Get Free Report)‘s stock had its “outperform” rating reiterated by analysts at BNP Paribas Exane in a research note issued on Wednesday, Benzinga reports. They currently have a $59.00 price objective on the auto parts company’s stock, down from their previous price objective of $63.00. BNP Paribas Exane‘s price target suggests a potential upside of 35.18% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. Barclays lowered their price target on shares of Aptiv from $60.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday. UBS Group reduced their price objective on shares of Aptiv from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Robert W. Baird set a $59.00 target price on Aptiv in a research note on Wednesday, August 5th. Weiss Ratings downgraded shares of Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.17.

View Our Latest Stock Analysis on Aptiv

Aptiv Price Performance

Shares of NYSE:APTV traded up $2.30 during midday trading on Wednesday, hitting $43.64. The stock had a trading volume of 2,185,007 shares, compared to its average volume of 3,268,472. The company’s 50-day moving average price is $44.42 and its 200-day moving average price is $59.55. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Aptiv has a fifty-two week low of $41.11 and a fifty-two week high of $88.93. The company has a market capitalization of $9.06 billion, a P/E ratio of 41.15, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43.

Aptiv (NYSE:APTV – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. Aptiv had a return on equity of 17.10% and a net margin of 1.17%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the company posted $2.17 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities research analysts predict that Aptiv will post 5.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Institutional investors have recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in shares of Aptiv by 325.2% in the third quarter. Brighton Jones LLC now owns 18,157 shares of the auto parts company’s stock worth $781,000 after buying an additional 13,887 shares during the period. CenterBook Partners LP purchased a new stake in Aptiv during the 3rd quarter valued at about $346,000. Heritage Family Offices LLP bought a new position in Aptiv during the 3rd quarter worth approximately $35,000. Calamos Advisors LLC grew its position in Aptiv by 2.1% during the 3rd quarter. Calamos Advisors LLC now owns 136,890 shares of the auto parts company’s stock worth $5,889,000 after acquiring an additional 2,769 shares during the last quarter. Finally, Bfsg LLC purchased a new position in shares of Aptiv in the third quarter worth $228,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Key Aptiv News

Here are the key news stories impacting Aptiv this week:

Aptiv Company Profile

(Get Free Report)

Aptiv PLC (NYSE: APTV) is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.

The company’s product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.

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Analyst Recommendations for Aptiv (NYSE:APTV)

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