Evercore ISI Issues Pessimistic Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its price objective lowered by equities research analysts at Evercore ISI from $105.00 to $95.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the auto parts company’s stock. Evercore ISI’s target price indicates a potential upside of 49.40% from the stock’s previous close.

Several other brokerages also recently weighed in on APTV. Wells Fargo & Company lifted their target price on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a report on Friday. Guggenheim reissued a “buy” rating and issued a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. StockNews.com began coverage on Aptiv in a research report on Friday. They issued a “hold” rating for the company. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. Finally, Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and increased their price target for the company from $53.00 to $65.00 in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.61.

Aptiv Stock Down 0.8 %

Shares of APTV traded down $0.51 during midday trading on Monday, reaching $63.59. The stock had a trading volume of 484,130 shares, compared to its average volume of 3,387,381. Aptiv has a 1-year low of $51.47 and a 1-year high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06. The company has a market cap of $14.95 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.54 and a beta of 1.74. The company’s fifty day simple moving average is $60.23 and its two-hundred day simple moving average is $64.15.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Equities research analysts expect that Aptiv will post 7.14 earnings per share for the current year.

Institutional Investors Weigh In On Aptiv

Large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Aptiv by 1,390.6% in 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 during the last quarter. Harris Associates L P acquired a new stake in Aptiv during the third quarter valued at approximately $162,640,000. Point72 Asset Management L.P. bought a new position in Aptiv during the 3rd quarter worth approximately $143,909,000. FMR LLC grew its position in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after acquiring an additional 1,090,766 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

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.