Aptiv (NYSE:APTV) Now Covered by Analysts at TD Cowen

TD Cowen assumed coverage on shares of Aptiv (NYSE:APTV) in a research report sent to investors on Friday. The brokerage issued a buy rating and a $90.00 target price on the auto parts company’s stock.

A number of other research analysts have also weighed in on APTV. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Friday, February 7th. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Argus upgraded Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Barclays upped their price objective on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, UBS Group upped their price objective on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Aptiv Trading Up 2.6 %

Shares of Aptiv stock opened at $66.81 on Friday. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The firm has a market cap of $15.33 billion, a PE ratio of 9.71, a P/E/G ratio of 0.62 and a beta of 1.74. The business’s fifty day moving average is $63.34 and its two-hundred day moving average is $63.79. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Analysts anticipate that Aptiv will post 7.2 earnings per share for the current year.

Hedge Funds Weigh In On Aptiv

Several large investors have recently modified their holdings of APTV. Farther Finance Advisors LLC lifted its holdings in Aptiv by 16.8% in the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after acquiring an additional 176 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Aptiv by 20.5% in the third quarter. QRG Capital Management Inc. now owns 16,067 shares of the auto parts company’s stock worth $1,157,000 after acquiring an additional 2,735 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Aptiv by 1.1% in the third quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock worth $22,806,000 after acquiring an additional 3,400 shares during the last quarter. Palmer Knight Co lifted its holdings in Aptiv by 0.6% in the third quarter. Palmer Knight Co now owns 52,133 shares of the auto parts company’s stock worth $3,754,000 after acquiring an additional 297 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Aptiv in the third quarter worth about $43,000. 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.