Aptiv (NYSE:APTV) Stock Gets Price Target Trim from TD Cowen

Aptiv (NYSE:APTV) had its price target lowered by TD Cowen from $77.00 to $72.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the auto parts company’s stock.

Several other research analysts also recently weighed in on the company. Evercore restated an “outperform” rating and set a $70.00 target price on shares of Aptiv in a research note on Monday, August 10th. Weiss Ratings cut Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Morgan Stanley decreased their price target on Aptiv from $55.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday. The Goldman Sachs Group lowered their price target on Aptiv from $61.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Royal Bank Of Canada dropped their price target on Aptiv from $77.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.02.

Aptiv Stock Down 3.4%

NYSE APTV traded down $1.37 on Wednesday, hitting $39.48. The stock had a trading volume of 4,079,917 shares, compared to its average volume of 2,583,068. The business’s fifty day moving average price is $44.13 and its 200 day moving average price is $58.97. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.33. Aptiv has a 52-week low of $39.40 and a 52-week high of $88.93. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Aptiv had a return on equity of 17.10% and a net margin of 1.17%. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the firm posted $2.17 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that Aptiv will post 5.65 earnings per share for the current year.

Institutional Trading of Aptiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in Aptiv by 3.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,029,539 shares of the auto parts company’s stock worth $210,371,000 after acquiring an additional 113,633 shares during the period. Perpetual Ltd raised its stake in shares of Aptiv by 9.0% in the third quarter. Perpetual Ltd now owns 2,602,895 shares of the auto parts company’s stock worth $111,977,000 after purchasing an additional 213,977 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Aptiv by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,559,767 shares of the auto parts company’s stock worth $177,695,000 after purchasing an additional 27,043 shares during the period. First Trust Advisors LP lifted its holdings in shares of Aptiv by 23.1% during the first quarter. First Trust Advisors LP now owns 2,394,019 shares of the auto parts company’s stock worth $166,241,000 after purchasing an additional 449,145 shares during the period. Finally, Amundi lifted its holdings in shares of Aptiv by 10.2% during the first quarter. Amundi now owns 1,690,677 shares of the auto parts company’s stock worth $117,401,000 after purchasing an additional 156,956 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

More Aptiv News

Here are the key news stories impacting Aptiv this week:

• Positive Sentiment: Aptiv said it is accelerating its robotics expansion with industry partners, a potential opportunity to broaden growth beyond its core automotive business. Aptiv: Accelerates Robotics Expansion With Industry Partners
• Positive Sentiment: Citigroup lowered its price target to $68 from $77 but maintained a Buy rating; the new target implies 72.2% upside from the cited share price. This signals continued optimism, although the reduced target reflects a more cautious valuation. Citigroup stock recommendations
• Neutral Sentiment: Wall Street analysts are described as moderately optimistic despite Aptiv’s substantial underperformance versus the broader market over the past year. Are Wall Street Analysts Predicting Aptiv Stock Will Climb or Sink?
• Negative Sentiment: Several firms lowered their price targets, including Goldman Sachs, which cut its target to $54, and TD Cowen, which reduced its target to $72. Morgan Stanley and RBC also lowered targets, adding to the cautious tone around valuation. Goldman Sachs lowers Aptiv price target TD Cowen cuts Aptiv price target Morgan Stanley lowers Aptiv price target RBC lowers Aptiv price target

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.