Aptiv (NYSE:APTV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a report issued on Friday morning. The brokerage issued a hold rating on the auto parts company’s stock.

A number of other research analysts have also commented on the company. Robert W. Baird cut their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. increased their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Bank of America lowered their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Price Performance

NYSE APTV opened at $57.97 on Friday. The company has a market cap of $13.63 billion, a P/E ratio of 6.47, a P/E/G ratio of 0.59 and a beta of 1.78. Aptiv has a 1 year low of $51.47 and a 1 year high of $91.66. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The company has a fifty day simple moving average of $60.90 and a 200 day simple moving average of $67.65.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the business posted $1.30 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, sell-side analysts predict that Aptiv will post 6.15 EPS for the current year.

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently made changes to their positions in the company. Independence Bank of Kentucky bought a new stake in Aptiv during the 2nd quarter worth approximately $25,000. Crewe Advisors LLC grew its holdings in shares of Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Aptiv during the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.