Aptiv (NYSE:APTV) PT Lowered to $65.00

Aptiv (NYSE:APTV) had its target price decreased by Morgan Stanley from $67.00 to $65.00 in a research note issued to investors on Friday, June 28th, BenzingaRatingsTable reports. Morgan Stanley currently has an underweight rating on the auto parts company’s stock.

A number of other brokerages also recently issued reports on APTV. Zacks Investment Research upgraded shares of HAYS PLC/ADR from a sell rating to a hold rating in a research report on Tuesday, June 18th. Robert W. Baird boosted their target price on shares of Aptiv from $103.00 to $109.00 and gave the company an outperform rating in a research report on Tuesday, June 11th. Wolfe Research downgraded shares of Southwestern Energy from a peer perform rating to an underperform rating in a research report on Thursday, April 18th. Buckingham Research boosted their target price on shares of SYSCO from $82.00 to $84.00 and gave the company a buy rating in a research report on Tuesday, May 7th. Finally, Jefferies Financial Group set a $80.00 target price on shares of Foot Locker and gave the company a buy rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $90.76.

Shares of Aptiv stock traded up $1.44 during midday trading on Friday, hitting $80.09. 1,190,998 shares of the company traded hands, compared to its average volume of 1,341,046. The stock has a market capitalization of $20.28 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.42 and a beta of 2.06. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 1.20. The business has a fifty day simple moving average of $76.60. Aptiv has a 12 month low of $58.80 and a 12 month high of $98.77.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.00 by $0.05. Aptiv had a net margin of 6.95% and a return on equity of 35.66%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period last year, the company earned $1.29 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts predict that Aptiv will post 4.98 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APTV. FDx Advisors Inc. raised its holdings in shares of Aptiv by 27.8% during the fourth quarter. FDx Advisors Inc. now owns 4,842 shares of the auto parts company’s stock valued at $298,000 after buying an additional 1,053 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Aptiv by 2.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 207,641 shares of the auto parts company’s stock valued at $12,783,000 after buying an additional 5,279 shares during the last quarter. ETRADE Capital Management LLC raised its holdings in shares of Aptiv by 42.0% during the fourth quarter. ETRADE Capital Management LLC now owns 4,080 shares of the auto parts company’s stock valued at $251,000 after buying an additional 1,207 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Aptiv by 32.0% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 3,860 shares of the auto parts company’s stock valued at $238,000 after buying an additional 935 shares during the last quarter. Finally, Scotia Capital Inc. raised its holdings in shares of Aptiv by 10.8% during the fourth quarter. Scotia Capital Inc. now owns 13,056 shares of the auto parts company’s stock valued at $804,000 after buying an additional 1,270 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Company Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Analyst Recommendations for Aptiv (NYSE:APTV)

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