Aptiv PLC (NYSE:APTV) Receives $82.50 Consensus Target Price from Analysts

Shares of Aptiv PLC (NYSE:APTV) have earned an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, fourteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $82.50.

Several research firms recently commented on APTV. Wall Street Zen began coverage on shares of Aptiv in a research note on Thursday, May 22nd. They set a “hold” rating for the company. Royal Bank of Canada increased their target price on shares of Aptiv from $60.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and increased their target price for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Barclays increased their target price on shares of Aptiv from $55.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Finally, Guggenheim cut their target price on shares of Aptiv from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Gamco Investors INC. ET AL raised its holdings in shares of Aptiv by 1.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company’s stock valued at $581,000 after purchasing an additional 160 shares in the last quarter. AlTi Global Inc. raised its holdings in shares of Aptiv by 1.6% during the 1st quarter. AlTi Global Inc. now owns 10,677 shares of the auto parts company’s stock valued at $635,000 after purchasing an additional 173 shares in the last quarter. Covestor Ltd raised its holdings in shares of Aptiv by 11.4% during the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 186 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Aptiv by 5.4% during the 1st quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company’s stock valued at $234,000 after purchasing an additional 201 shares in the last quarter. Finally, Horizon Investments LLC raised its holdings in shares of Aptiv by 6.1% during the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock valued at $231,000 after purchasing an additional 219 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 3.4%

Aptiv stock opened at $68.29 on Friday. The firm has a 50 day simple moving average of $58.88 and a 200-day simple moving average of $60.13. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The stock has a market capitalization of $14.87 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. Aptiv has a 12-month low of $47.19 and a 12-month high of $85.35.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. As a group, equities research analysts expect that Aptiv will post 7.2 EPS for the current fiscal year.

Aptiv Company Profile

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.