Aptiv (NYSE:APTV) Given New $99.00 Price Target at Wells Fargo & Company

Aptiv (NYSE:APTV) had its price target reduced by equities researchers at Wells Fargo & Company from $100.00 to $99.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 29.08% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Robert W. Baird lifted their price objective on Aptiv from $97.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Argus raised their target price on shares of Aptiv from $78.00 to $99.00 in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Aptiv in a research note on Monday, December 1st. Bank of America increased their price objective on shares of Aptiv from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $101.00 target price on shares of Aptiv in a report on Wednesday, November 19th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $96.63.

Aptiv Price Performance

APTV traded down $0.39 during trading on Tuesday, hitting $76.69. 124,124 shares of the company traded hands, compared to its average volume of 2,731,918. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The company has a market cap of $16.57 billion, a PE ratio of 60.81, a P/E/G ratio of 0.78 and a beta of 1.51. The stock’s 50-day simple moving average is $81.28 and its two-hundred day simple moving average is $75.93. Aptiv has a 1 year low of $47.19 and a 1 year high of $88.80.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.81 by $0.36. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 EPS. 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 anticipate that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Allan J. Brazier sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the sale, the chief accounting officer owned 49,820 shares in the company, valued at approximately $4,234,700. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.45% of the company’s stock.

Institutional Trading of Aptiv

Institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Aptiv by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,520,372 shares of the auto parts company’s stock worth $90,462,000 after buying an additional 8,877 shares during the period. National Bank of Canada FI increased its stake in Aptiv by 71.7% in the first quarter. National Bank of Canada FI now owns 252,248 shares of the auto parts company’s stock worth $15,008,000 after purchasing an additional 105,371 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Aptiv during the first quarter worth $26,000. Benjamin Edwards Inc. boosted its stake in shares of Aptiv by 67.2% during the first quarter. Benjamin Edwards Inc. now owns 29,509 shares of the auto parts company’s stock valued at $1,756,000 after purchasing an additional 11,862 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Aptiv in the first quarter worth about $710,000. 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.