Aptiv (NYSE:APTV) Price Target Cut to $70.00 by Analysts at Wells Fargo & Company

Aptiv (NYSE:APTV) had its price objective decreased by stock analysts at Wells Fargo & Company from $74.00 to $70.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 20.79% from the stock’s previous close.

Several other research analysts have also commented on the stock. TD Cowen reduced their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Morgan Stanley cut their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.29.

Aptiv Stock Performance

Shares of APTV stock opened at $57.95 on Monday. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 6.47, a PEG ratio of 0.59 and a beta of 1.78. Aptiv has a 52-week low of $51.47 and a 52-week high of $91.66. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $60.90 and its 200 day moving average is $67.65.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The business 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 14.51% and a net margin of 12.29%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.30 EPS. On average, sell-side analysts anticipate that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Trading of Aptiv

A number of institutional investors and hedge funds have recently made changes to their positions in APTV. Wolff Wiese Magana LLC lifted its stake in 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 buying an additional 155 shares in the last quarter. Signaturefd LLC lifted its holdings in Aptiv by 6.2% in the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 156 shares in the last quarter. Mather Group LLC. boosted its stake in Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 176 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Aptiv by 16.8% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after buying an additional 176 shares in the last quarter. Finally, Crewe Advisors LLC raised its position in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after buying an additional 215 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other 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.