Morgan Stanley Issues Pessimistic Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price objective decreased by Morgan Stanley from $68.00 to $60.00 in a research note published on Thursday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the auto parts company’s stock.

APTV has been the topic of a number of other reports. Wolfe Research started coverage on Aptiv in a report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target on the stock. Robert W. Baird lowered their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. StockNews.com assumed coverage on shares of Aptiv in a research report on Monday, November 11th. They set a “hold” rating for the company. Oppenheimer lowered their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.53.

Aptiv Stock Performance

NYSE APTV opened at $52.93 on Thursday. The company has a fifty day moving average price of $66.50 and a 200-day moving average price of $71.35. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 0.47 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv has a 1 year low of $52.14 and a 1 year high of $91.66.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the firm posted $1.30 EPS. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts predict that Aptiv will post 6.18 EPS for the current fiscal year.

Institutional Trading of Aptiv

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new position in shares of Aptiv during the 2nd quarter valued at $25,000. Clearstead Trust LLC grew its position in Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after buying an additional 305 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares during the last quarter. Crewe Advisors LLC boosted its position in shares of Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 215 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its position 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 worth $36,000 after purchasing an additional 155 shares during the last quarter. Institutional investors 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.