Aptiv PLC (NYSE:APTV) Receives $163.80 Consensus Target Price from Analysts

Aptiv PLC (NYSE:APTV) has received an average recommendation of “Buy” from the twenty brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $163.80.

A number of analysts have recently commented on APTV shares. Morgan Stanley boosted their price target on Aptiv from $205.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 10th. Barclays boosted their price target on Aptiv from $164.00 to $174.00 and gave the stock an “overweight” rating in a research report on Friday, August 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Aptiv from $169.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, August 6th. Oppenheimer upped their price objective on Aptiv from $171.00 to $179.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. Finally, Jefferies Financial Group upped their price objective on Aptiv from $170.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, July 9th.

In related news, CEO Kevin P. Clark sold 5,830 shares of the company’s stock in a transaction on Tuesday, July 13th. The shares were sold at an average price of $157.41, for a total value of $917,700.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.45% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Anfield Capital Management LLC acquired a new stake in Aptiv in the second quarter valued at approximately $31,000. Glassman Wealth Services purchased a new position in Aptiv in the second quarter valued at $39,000. Trustcore Financial Services LLC increased its holdings in Aptiv by 237.8% in the second quarter. Trustcore Financial Services LLC now owns 250 shares of the auto parts company’s stock valued at $39,000 after buying an additional 176 shares in the last quarter. Annapolis Financial Services LLC increased its holdings in Aptiv by 200.0% in the first quarter. Annapolis Financial Services LLC now owns 300 shares of the auto parts company’s stock valued at $41,000 after buying an additional 200 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Aptiv by 33.2% in the second quarter. Parkside Financial Bank & Trust now owns 301 shares of the auto parts company’s stock valued at $47,000 after buying an additional 75 shares in the last quarter. 89.34% of the stock is currently owned by institutional investors.

Shares of APTV traded down $2.75 during trading hours on Monday, hitting $146.43. The company had a trading volume of 1,995,041 shares, compared to its average volume of 1,312,655. The firm has a market cap of $39.61 billion, a P/E ratio of 40.01, a P/E/G ratio of 3.60 and a beta of 2.10. The stock’s 50 day moving average price is $156.72 and its 200 day moving average price is $150.42. The company has a quick ratio of 1.60, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Aptiv has a 52-week low of $82.12 and a 52-week high of $170.47.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, August 4th. The auto parts company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.07). The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.59 billion. Aptiv had a net margin of 6.72% and a return on equity of 13.68%. The business’s revenue was up 94.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.10) earnings per share. On average, research analysts expect that Aptiv will post 3.79 EPS for the current fiscal year.

Aptiv Company Profile

Aptiv Plc engages in the design, development, and manufacture of vehicle components. The firm also provides electrical, electronic, and safety technology solutions to the global automotive and commercial vehicle markets. It operates through the following business segments: Signal and Power Solutions, Advanced Safety and User Experience, and Eliminations and Other.

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Analyst Recommendations for Aptiv (NYSE:APTV)

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