Aptiv (NYSE:APTV) had its price target hoisted by stock analysts at Royal Bank of Canada to $110.00 in a report released on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the auto parts company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 16.76% from the stock’s current price.
A number of other brokerages have also issued reports on APTV. UBS Group initiated coverage on shares of Aptiv in a research report on Wednesday, December 6th. They issued a “neutral” rating for the company. Barclays reiterated a “buy” rating and issued a $104.00 target price on shares of Aptiv in a research report on Sunday, January 21st. Evercore ISI initiated coverage on shares of Aptiv in a research report on Wednesday, December 13th. They issued an “outperform” rating and a $92.00 target price for the company. Robert W. Baird restated a “buy” rating and set a $104.00 price objective on shares of Aptiv in a research report on Tuesday, January 9th. Finally, Jefferies Group set a $100.00 price objective on shares of Aptiv and gave the company a “buy” rating in a research report on Monday, December 18th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Aptiv presently has a consensus rating of “Buy” and a consensus price target of $96.48.
Shares of Aptiv (NYSE:APTV) traded down $1.59 on Friday, reaching $94.21. 2,546,690 shares of the company were exchanged, compared to its average volume of 1,850,000. The company has a market cap of $25,040.00, a price-to-earnings ratio of 18.36, a PEG ratio of 1.70 and a beta of 1.48. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 1.35. Aptiv has a 12-month low of $73.00 and a 12-month high of $96.91.
In other news, insider Kevin P. Clark acquired 22,500 shares of Aptiv stock in a transaction on Wednesday, December 6th. The stock was bought at an average cost of $87.88 per share, with a total value of $1,977,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bernd Wiedemann sold 17,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $101.54, for a total transaction of $1,726,180.00. Following the sale, the director now directly owns 7,975 shares of the company’s stock, valued at $809,781.50. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in shares of Aptiv in the fourth quarter worth approximately $127,000. Huntington National Bank purchased a new stake in shares of Aptiv in the fourth quarter worth approximately $138,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Aptiv in the fourth quarter worth approximately $144,000. IFP Advisors Inc purchased a new stake in shares of Aptiv in the fourth quarter worth approximately $162,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Aptiv in the fourth quarter worth approximately $163,000. 91.13% of the stock is owned by institutional investors and hedge funds.
Aptiv Company Profile
Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.
