Oppenheimer Lowers Aptiv (NYSE:APTV) Price Target to $83.00

Aptiv (NYSE:APTV) had its price objective cut by investment analysts at Oppenheimer from $147.00 to $83.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the auto parts company’s stock. Oppenheimer’s price target suggests a potential upside of 47.24% from the stock’s current price.

Several other equities research analysts also recently issued reports on APTV. Royal Bank of Canada dropped their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday. Wolfe Research initiated coverage on Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective on the stock. Barclays lowered their price objective on Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Citigroup lowered their price objective on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, StockNews.com initiated coverage on Aptiv in a research report on Saturday, October 26th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.18.

Aptiv Trading Down 0.8 %

NYSE:APTV opened at $56.37 on Friday. The company has a market cap of $14.98 billion, a P/E ratio of 4.26, a P/E/G ratio of 0.63 and a beta of 1.79. The stock’s fifty day moving average price is $69.58 and its two-hundred day moving average price is $72.41. Aptiv has a 1 year low of $54.70 and a 1 year high of $91.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 earnings per share. As a group, analysts expect that Aptiv will post 6.23 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of APTV. Capital World Investors bought a new position in shares of Aptiv during the first quarter valued at about $343,760,000. EdgePoint Investment Group Inc. bought a new position in shares of Aptiv during the first quarter valued at about $335,426,000. Massachusetts Financial Services Co. MA grew its stake in shares of Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after buying an additional 1,764,844 shares during the last quarter. Ariel Investments LLC bought a new position in shares of Aptiv during the first quarter valued at about $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Aptiv by 13.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after buying an additional 905,431 shares during the last quarter. 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.