Guggenheim Has Lowered Expectations for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price target decreased by investment analysts at Guggenheim from $87.00 to $73.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. Guggenheim’s target price suggests a potential upside of 37.74% from the stock’s current price.

APTV has been the topic of several other research reports. Barclays lowered their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. StockNews.com initiated coverage on Aptiv in a research note on Tuesday. They issued a “hold” rating on the stock. TD Cowen cut their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Bank of America cut their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Morgan Stanley cut their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Stock Up 0.8 %

Shares of APTV traded up $0.41 during midday trading on Thursday, hitting $53.00. The company had a trading volume of 812,765 shares, compared to its average volume of 3,127,977. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv has a 1 year low of $51.47 and a 1 year high of $91.66. The firm has a market capitalization of $12.46 billion, a P/E ratio of 5.90, a P/E/G ratio of 0.46 and a beta of 1.81. The company’s 50-day simple moving average is $65.65 and its 200-day simple moving average is $70.85.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the company earned $1.30 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Aptiv will post 6.18 EPS for the current year.

Institutional Trading of Aptiv

Large investors have recently modified their holdings of the company. Independence Bank of Kentucky bought a new position in shares of Aptiv during the 2nd quarter worth about $25,000. Crewe Advisors LLC lifted its position in shares of Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Aptiv during the second quarter worth approximately $38,000. 94.21% of the stock is owned by institutional investors.

Aptiv Company Profile

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.