Aptiv PLC (NYSE:APTV) Stock Rated “Moderate Buy” by Sell-Side Analysts

Aptiv PLC (NYSE:APTV) has received a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, seventeen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $69.45.

APTV has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut Aptiv from a “buy” rating to a “hold” rating and set a $56.00 price target on the stock. in a research note on Wednesday, August 5th. Evercore reissued an “outperform” rating and issued a $70.00 target price on shares of Aptiv in a research report on Monday, August 10th. The Goldman Sachs Group lowered their price objective on Aptiv from $61.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday. Zacks Research downgraded Aptiv from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Finally, Barclays reduced their price objective on Aptiv from $60.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $40.89 on Friday. The business’s 50-day simple moving average is $44.25 and its 200 day simple moving average is $59.16. The company has a market cap of $8.28 billion, a P/E ratio of 6.53, a PEG ratio of 0.84 and a beta of 1.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.33 and a current ratio of 1.97. Aptiv has a one year low of $40.00 and a one year high of $88.93.

Aptiv (NYSE:APTV) last issued its quarterly earnings data 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 net margin of 4.60% and a return on equity of 15.44%. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the company earned $2.17 earnings per share. Aptiv’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts forecast that Aptiv will post 5.70 earnings per share for the current fiscal year.

Aptiv News Summary

Here are the key news stories impacting Aptiv this week:

• Positive Sentiment: BNP Paribas Exane reaffirmed its Outperform rating, and TD Cowen retained Buy despite reducing its target to $72 from $77. BNP Paribas Exane rating TD Cowen target update
• Neutral Sentiment: Analysts’ revised targets remain above the current share price, and several firms maintained positive ratings. However, the scale of the reductions signals more cautious valuation assumptions. Aptiv valuation and third-quarter results
• Negative Sentiment: Goldman Sachs cut its target to $54 from $61 while retaining Buy; Morgan Stanley lowered its target to $45 from $55 and kept Equal Weight. RBC reduced its target to $64 from $77 but maintained Outperform. BNP Paribas Exane lowered its target to $59 from $63, and Barclays cut its target to $53 from $60 while retaining Overweight. The cluster of cuts may weigh on sentiment even though most firms still see upside. Goldman Sachs target update Morgan Stanley target update RBC target update

Hedge Funds Weigh In On Aptiv

A number of large investors have recently bought and sold shares of APTV. Ameritas Advisory Services LLC purchased a new position in Aptiv during the 2nd quarter valued at about $29,000. Eastern Bank grew its holdings in shares of Aptiv by 702.9% during the 2nd quarter. Eastern Bank now owns 546 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 478 shares in the last quarter. Evelyn Partners Investment Management Services Ltd grew its holdings in shares of Aptiv by 108.7% during the 1st quarter. Evelyn Partners Investment Management Services Ltd now owns 576 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 300 shares in the last quarter. Provenance Wealth Advisors LLC raised its holdings in shares of Aptiv by 9,171.4% during the third quarter. Provenance Wealth Advisors LLC now owns 649 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 642 shares in the last quarter. Finally, Root Financial Partners LLC boosted its position in Aptiv by 62.2% during the first quarter. Root Financial Partners LLC now owns 709 shares of the auto parts company’s stock valued at $49,000 after purchasing an additional 272 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Company Profile

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.