Aptiv (NYSE:APTV) Price Target Raised to $82.00

Aptiv (NYSE:APTV) had its target price hoisted by Royal Bank of Canada from $75.00 to $82.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

A number of other research firms have also recently issued reports on APTV. UBS Group increased their target price on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Friday. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. StockNews.com started coverage on shares of Aptiv in a report on Friday. They issued a “hold” rating on the stock. Finally, Guggenheim restated a “buy” rating and set a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.72.

Aptiv Trading Up 1.0 %

NYSE APTV opened at $64.09 on Friday. Aptiv has a one year low of $51.47 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The firm has a market cap of $15.06 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.55 and a beta of 1.74. The stock’s 50-day moving average is $60.06 and its 200-day moving average is $64.24.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Sell-side analysts anticipate that Aptiv will post 6.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Large investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. increased its holdings 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 purchasing an additional 409 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the period. Capital Performance Advisors LLP acquired a new position in Aptiv in the 3rd quarter valued at about $43,000. Brooklyn Investment Group bought a new position in Aptiv in the 3rd quarter valued at about $43,000. Finally, Mather Group LLC. lifted its position in Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

About Aptiv

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.