Aptiv (NYSE:APTV) Price Target Cut to $77.00 by Analysts at Wells Fargo & Company

Aptiv (NYSE:APTV) had its target price lowered by research analysts at Wells Fargo & Company from $82.00 to $77.00 in a research note issued on Thursday,MarketScreener reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 25.81% from the stock’s current price.

Other analysts also recently issued reports about the company. HSBC lowered their price objective on Aptiv from $81.32 to $75.00 and set a “buy” rating for the company in a research note on Monday, April 27th. UBS Group dropped their price target on Aptiv from $97.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. The Goldman Sachs Group raised their price target on shares of Aptiv from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft cut their target price on Aptiv from $84.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, Zacks Research lowered shares of Aptiv from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.46.

Aptiv Stock Up 1.3%

Shares of APTV opened at $61.20 on Thursday. The stock’s 50-day moving average price is $61.42 and its two-hundred day moving average price is $70.58. Aptiv has a 12 month low of $51.68 and a 12 month high of $88.93. The company has a market capitalization of $12.95 billion, a PE ratio of 36.31, a PEG ratio of 1.03 and a beta of 1.45. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.69 earnings per share. On average, analysts anticipate that Aptiv will post 6.37 EPS for the current year.

Insider Transactions at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aptiv

Several hedge funds have recently bought and sold shares of APTV. Saranac Partners Ltd purchased a new position in Aptiv during the third quarter valued at $25,000. Larson Financial Group LLC grew its holdings in shares of Aptiv by 240.0% in the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 252 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Aptiv during the 3rd quarter worth $30,000. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Aptiv during the 4th quarter valued at about $33,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Company Profile

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.