Aptiv (NYSE:APTV) Given Outperform Rating at BNP Paribas Exane

Aptiv (NYSE:APTV – Get Free Report)‘s stock had its “outperform” rating reaffirmed by analysts at BNP Paribas Exane in a research note issued on Wednesday, Benzinga reports. They currently have a $59.00 price objective on the auto parts company’s stock, down from their prior price objective of $63.00. BNP Paribas Exane‘s price target would suggest a potential upside of 35.18% from the stock’s current price.

APTV has been the subject of a number of other reports. Barclays decreased their price target on shares of Aptiv from $60.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday. Argus set a $64.00 price target on Aptiv in a research report on Thursday, August 13th. Morgan Stanley lowered Aptiv from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $71.00 to $55.00 in a research note on Wednesday, August 5th. The Goldman Sachs Group cut their price objective on Aptiv from $71.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. lowered Aptiv from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $65.00 to $56.00 in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.17.

View Our Latest Report on APTV

Aptiv Stock Performance

APTV stock traded up $2.30 during midday trading on Wednesday, hitting $43.64. 2,185,007 shares of the company traded hands, compared to its average volume of 3,268,472. Aptiv has a twelve month low of $41.11 and a twelve month high of $88.93. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 41.15, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The company has a quick ratio of 1.33, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The business has a 50 day simple moving average of $44.42 and a 200-day simple moving average of $59.55.

Aptiv (NYSE:APTV – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the company earned $2.17 earnings per share. Aptiv’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts predict that Aptiv will post 5.68 earnings per share for the current year.

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently added to or reduced their stakes in APTV. International Assets Investment Management LLC increased its position in Aptiv by 7.3% during the first quarter. International Assets Investment Management LLC now owns 3,817 shares of the auto parts company’s stock worth $265,000 after acquiring an additional 260 shares during the period. Root Financial Partners LLC boosted its holdings in Aptiv by 62.2% in the 1st quarter. Root Financial Partners LLC now owns 709 shares of the auto parts company’s stock valued at $49,000 after purchasing an additional 272 shares during the period. QRG Capital Management Inc. boosted its holdings in Aptiv by 3.4% in the 1st quarter. QRG Capital Management Inc. now owns 8,399 shares of the auto parts company’s stock valued at $583,000 after purchasing an additional 280 shares during the period. Evelyn Partners Investment Management Services Ltd grew its position in shares of Aptiv by 108.7% during the 1st quarter. Evelyn Partners Investment Management Services Ltd now owns 576 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 300 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of Aptiv by 2.1% during the first quarter. Wealthfront Advisers LLC now owns 16,955 shares of the auto parts company’s stock worth $1,177,000 after purchasing an additional 350 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv News Roundup

Here are the key news stories impacting Aptiv this week:

About Aptiv

(Get Free Report)

Aptiv PLC (NYSE: APTV) is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.

The company’s product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.

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Analyst Recommendations for Aptiv (NYSE:APTV)

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