Aptiv (NYSE:APTV) Stock Gets Price Target Trim from Morgan Stanley

Aptiv (NYSE:APTV) had its price objective trimmed by Morgan Stanley from $55.00 to $45.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the auto parts company’s stock.

A number of other brokerages have also recently commented on APTV. Evercore reissued an “outperform” rating and issued a $70.00 price objective on shares of Aptiv in a research note on Monday, August 10th. The Goldman Sachs Group lowered their price target on shares of Aptiv from $61.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered Aptiv from a “buy” rating to a “hold” rating and set a $56.00 price target for the company. in a research report on Wednesday, August 5th. Robert W. Baird set a $59.00 price objective on Aptiv in a research note on Wednesday, August 5th. Finally, Zacks Research cut Aptiv from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $69.02.

Aptiv Price Performance

Shares of NYSE APTV traded down $1.37 during midday trading on Wednesday, reaching $39.48. 4,079,917 shares of the stock traded hands, compared to its average volume of 2,583,068. The company’s 50 day moving average is $44.13 and its 200 day moving average is $58.97. Aptiv has a one year low of $39.40 and a one year high of $88.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.33. The stock has a market capitalization of $8.20 billion, a PE ratio of 10.88, a P/E/G ratio of 0.86 and a beta of 1.43.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. Aptiv’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.17 earnings per share. On average, equities research analysts anticipate that Aptiv will post 5.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of APTV. Squarepoint Ops LLC increased its position in Aptiv by 238.9% during the second quarter. Squarepoint Ops LLC now owns 519,044 shares of the auto parts company’s stock valued at $31,859,000 after acquiring an additional 365,893 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Aptiv in the second quarter valued at $27,364,000. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Aptiv in the 1st quarter worth about $17,765,000. Wedge Capital Management L L P NC lifted its holdings in shares of Aptiv by 32.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 197,161 shares of the auto parts company’s stock worth $12,102,000 after acquiring an additional 48,247 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Aptiv in the 1st quarter worth about $9,965,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Aptiv

Here are the key news stories impacting Aptiv this week:

• Positive Sentiment: Aptiv said it is accelerating its robotics expansion with industry partners, a potential opportunity to broaden growth beyond its core automotive business. Aptiv: Accelerates Robotics Expansion With Industry Partners
• Positive Sentiment: Citigroup lowered its price target to $68 from $77 but maintained a Buy rating; the new target implies 72.2% upside from the cited share price. This signals continued optimism, although the reduced target reflects a more cautious valuation. Citigroup stock recommendations
• Neutral Sentiment: Wall Street analysts are described as moderately optimistic despite Aptiv’s substantial underperformance versus the broader market over the past year. Are Wall Street Analysts Predicting Aptiv Stock Will Climb or Sink?
• Negative Sentiment: Several firms lowered their price targets, including Goldman Sachs, which cut its target to $54, and TD Cowen, which reduced its target to $72. Morgan Stanley and RBC also lowered targets, adding to the cautious tone around valuation. Goldman Sachs lowers Aptiv price target TD Cowen cuts Aptiv price target Morgan Stanley lowers Aptiv price target RBC lowers Aptiv price target

About Aptiv

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.