Aptiv (NYSE:APTV) PT Raised to $113.00 at JPMorgan Chase & Co.

Aptiv (NYSE:APTV) had its price target boosted by JPMorgan Chase & Co. from $107.00 to $113.00 in a research note released on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto parts company’s stock.

A number of other analysts have also commented on the company. Oppenheimer restated an “outperform” rating and issued a $145.00 price target on shares of Aptiv in a report on Tuesday, July 9th. The Goldman Sachs Group reduced their price target on Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Evercore ISI cut their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. UBS Group reduced their target price on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Robert W. Baird cut their price target on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.50.

Aptiv Price Performance

NYSE APTV opened at $68.30 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 0.65 and a beta of 1.79. The business has a 50 day simple moving average of $70.22 and a 200 day simple moving average of $72.87. Aptiv has a 52-week low of $63.62 and a 52-week high of $91.66.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the prior year, the company earned $1.25 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. Analysts anticipate that Aptiv will post 6.28 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

A number of hedge funds have recently modified their holdings of the stock. Riverview Trust Co acquired a new stake in Aptiv during the first quarter worth approximately $25,000. Independence Bank of Kentucky acquired a new stake in Aptiv during the 2nd quarter worth approximately $25,000. Crewe Advisors LLC boosted its stake in Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares during the period. Clearstead Trust LLC grew its holdings in Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after buying an additional 305 shares in the last quarter. Finally, Mather Group LLC. bought a new position in Aptiv during the 1st quarter worth $33,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

About Aptiv

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.