Aptiv (NYSE:APTV) had its target price lifted by investment analysts at Buckingham Research from $93.00 to $110.00 in a report released on Monday. The brokerage currently has a “buy” rating on the auto parts company’s stock. Buckingham Research’s price target would indicate a potential upside of 17.02% from the stock’s current price.
Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Aptiv in a report on Friday, November 3rd. Goldman Sachs Group initiated coverage on shares of Aptiv in a report on Tuesday, December 5th. They issued a “buy” rating and a $57.00 price target for the company. Bank of America upgraded shares of Aptiv from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a report on Monday, November 20th. Robert W. Baird reduced their price target on shares of Aptiv from $131.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Finally, Barclays reiterated a “buy” rating and issued a $106.00 price target on shares of Aptiv in a report on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $97.13.
Aptiv (NYSE:APTV) opened at $94.00 on Monday. The stock has a market cap of $25,044.77, a P/E ratio of 18.66, a P/E/G ratio of 1.69 and a beta of 1.49. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.29 and a current ratio of 1.59. Aptiv has a 1-year low of $61.30 and a 1-year high of $96.91.
In other news, Director Frank J. Dellaquila purchased 1,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were purchased at an average cost of $83.88 per share, with a total value of $83,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin P. Clark purchased 22,500 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were purchased at an average cost of $87.88 per share, for a total transaction of $1,977,300.00. The disclosure for this purchase can be found here. Insiders own 0.31% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cerebellum GP LLC bought a new stake in Aptiv during the fourth quarter worth $127,000. Huntington National Bank bought a new stake in Aptiv during the fourth quarter worth $138,000. Northwestern Mutual Wealth Management Co. bought a new stake in Aptiv during the fourth quarter worth $144,000. IFP Advisors Inc bought a new stake in Aptiv during the fourth quarter worth $162,000. Finally, Meeder Asset Management Inc. bought a new stake in Aptiv during the fourth quarter worth $163,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.
About Aptiv
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.
