Royal Bank Of Canada Issues Positive Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price objective lifted by Royal Bank Of Canada from $101.00 to $104.00 in a research report sent to investors on Wednesday morning,MarketScreener reports. Royal Bank Of Canada currently has an outperform rating on the auto parts company’s stock.

A number of other equities research analysts have also weighed in on APTV. Oppenheimer set a $94.00 price objective on shares of Aptiv and gave the company an “outperform” rating in a report on Friday, October 31st. Daiwa Capital Markets raised their price target on Aptiv from $79.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Cowen reiterated a “buy” rating on shares of Aptiv in a report on Friday, October 31st. Zacks Research upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Finally, Wall Street Zen raised Aptiv from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 3rd. Four analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $99.05.

Aptiv Price Performance

Shares of Aptiv stock traded down $0.39 on Wednesday, hitting $82.54. 2,435,323 shares of the company were exchanged, compared to its average volume of 2,479,560. The company has a 50-day moving average price of $78.69 and a 200 day moving average price of $78.13. The stock has a market capitalization of $17.84 billion, a price-to-earnings ratio of 65.51, a price-to-earnings-growth ratio of 1.02 and a beta of 1.50. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 0.80. Aptiv has a 1-year low of $47.19 and a 1-year high of $88.93.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.36. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter in the prior year, the company posted $1.83 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS and its Q4 2025 guidance at 1.600-1.900 EPS. As a group, sell-side analysts predict that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 5,000 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $85.00, for a total value of $425,000.00. Following the completion of the transaction, the executive vice president directly owned 116,959 shares in the company, valued at approximately $9,941,515. The trade was a 4.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Saranac Partners Ltd bought a new position in Aptiv during the third quarter worth $25,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Aptiv during the 3rd quarter valued at about $30,000. Root Financial Partners LLC acquired a new stake in Aptiv during the third quarter worth about $31,000. True Wealth Design LLC boosted its stake in Aptiv by 83.8% in the second quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 181 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.