Wells Fargo & Company Issues Positive Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its target price raised by Wells Fargo & Company from $70.00 to $76.00 in a report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

A number of other equities analysts have also recently issued reports on APTV. Bank of America lowered their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 14th. JPMorgan Chase & Co. lifted their target price on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Robert W. Baird raised their price target on shares of Aptiv from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday. Royal Bank of Canada reduced their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.06.

Aptiv Trading Up 2.0 %

Shares of NYSE APTV opened at $64.02 on Thursday. Aptiv has a twelve month low of $51.47 and a twelve month high of $88.89. The stock has a market cap of $15.05 billion, a price-to-earnings ratio of 7.14, a P/E/G ratio of 0.55 and a beta of 1.75. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The company’s fifty day moving average is $58.19 and its 200-day moving average is $64.84.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. Equities research analysts predict that Aptiv will post 6.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after acquiring an additional 1,294,670 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Aptiv by 18.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock valued at $179,189,000 after buying an additional 388,045 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Aptiv by 4.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,386,232 shares of the auto parts company’s stock valued at $171,833,000 after buying an additional 108,626 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

About Aptiv

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.