Aptiv (NYSE:APTV) Stock Price Target Cut by Citigroup

Aptiv (NYSE:APTV) had its price target lowered by equities research analysts at Citigroup from $77.00 to $68.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the auto parts company’s stock. Citigroup‘s price target would indicate a potential upside of 72.24% from the company’s previous close.

A number of other brokerages have also commented on APTV. Morgan Stanley decreased their price objective on Aptiv from $55.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday. Argus set a $64.00 target price on Aptiv in a report on Thursday, August 13th. Benchmark raised shares of Aptiv to a “strong-buy” rating in a research report on Wednesday, September 9th. UBS Group decreased their price target on shares of Aptiv from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Finally, Wells Fargo & Company lowered their price target on shares of Aptiv from $77.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.02.

Aptiv Stock Performance

Shares of Aptiv stock traded down $1.37 on Friday, hitting $39.48. The stock had a trading volume of 4,078,787 shares, compared to its average volume of 3,293,740. Aptiv has a twelve month low of $39.40 and a twelve month high of $88.93. The business’s 50 day moving average is $44.25 and its two-hundred day moving average is $59.16. The company has a quick ratio of 1.33, a current ratio of 1.97 and a debt-to-equity ratio of 0.61. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43.

Aptiv (NYSE:APTV) last announced its earnings results 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. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.17 billion. Aptiv had a return on equity of 15.44% and a net margin of 4.60%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.17 earnings per share. Analysts forecast that Aptiv will post 5.70 EPS for the current year.

Institutional Investors Weigh In On Aptiv

A number of large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its holdings in Aptiv by 3.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,029,539 shares of the auto parts company’s stock valued at $210,371,000 after acquiring an additional 113,633 shares in the last quarter. Perpetual Ltd lifted its position in shares of Aptiv by 9.0% during the 3rd quarter. Perpetual Ltd now owns 2,602,895 shares of the auto parts company’s stock valued at $111,977,000 after acquiring an additional 213,977 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Aptiv by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,559,767 shares of the auto parts company’s stock worth $177,695,000 after purchasing an additional 27,043 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Aptiv by 23.1% during the 1st quarter. First Trust Advisors LP now owns 2,394,019 shares of the auto parts company’s stock worth $166,241,000 after purchasing an additional 449,145 shares in the last quarter. Finally, Amundi increased its position in shares of Aptiv by 10.2% in the first quarter. Amundi now owns 1,690,677 shares of the auto parts company’s stock worth $117,401,000 after purchasing an additional 156,956 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.