Aptiv (NYSE:APTV) Price Target Raised to $75.00 at Robert W. Baird

Aptiv (NYSE:APTV) had its price objective hoisted by stock analysts at Robert W. Baird from $70.00 to $75.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s target price points to a potential upside of 19.53% from the company’s current price.

A number of other analysts have also issued reports on APTV. TD Cowen lowered their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. StockNews.com assumed coverage on Aptiv in a report on Wednesday. They issued a “hold” rating for the company. Royal Bank of Canada lowered their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Fox Advisors lowered Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. increased their target price on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $84.71.

Aptiv Trading Up 1.6 %

APTV opened at $62.75 on Thursday. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 7.00, a P/E/G ratio of 0.55 and a beta of 1.75. The stock’s 50 day moving average price is $58.19 and its 200-day moving average price is $64.84. Aptiv has a one year low of $51.47 and a one year high of $88.89. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

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

Hedge Funds Weigh In On Aptiv

Several hedge funds have recently modified their holdings of the stock. Wolff Wiese Magana LLC increased its holdings in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after acquiring an additional 176 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Aptiv by 16.8% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock valued at $88,000 after acquiring an additional 176 shares in the last quarter. Boston Common Asset Management LLC increased its holdings in shares of Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after acquiring an additional 188 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Aptiv by 4.9% during the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock valued at $334,000 after acquiring an additional 218 shares in the last quarter. 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.