Aptiv (NYSE:APTV) Price Target Lowered to $60.00 at Morgan Stanley

Aptiv (NYSE:APTV) had its target price trimmed by Morgan Stanley from $68.00 to $60.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an underweight rating on the auto parts company’s stock.

A number of other brokerages also recently issued reports on APTV. TD Cowen lowered 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. Royal Bank of Canada lowered their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Finally, Barclays cut their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.53.

Aptiv Trading Down 2.0 %

NYSE APTV opened at $52.93 on Thursday. Aptiv has a 52 week low of $52.14 and a 52 week high of $91.66. The firm has a 50 day moving average of $66.50 and a two-hundred day moving average of $71.34. 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 stock has a market capitalization of $12.44 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81.

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

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently added to or reduced their stakes in APTV. Empowered Funds LLC lifted its holdings in shares of Aptiv by 81.2% in the 1st quarter. Empowered Funds LLC now owns 5,334 shares of the auto parts company’s stock valued at $425,000 after buying an additional 2,390 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Aptiv during the 1st quarter worth $477,000. QRG Capital Management Inc. increased its holdings in shares of Aptiv by 8.7% in the 1st quarter. QRG Capital Management Inc. now owns 11,790 shares of the auto parts company’s stock valued at $939,000 after purchasing an additional 941 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Aptiv by 2.9% during the first quarter. ProShare Advisors LLC now owns 54,339 shares of the auto parts company’s stock worth $4,328,000 after buying an additional 1,536 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Aptiv by 6.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 297,339 shares of the auto parts company’s stock worth $23,683,000 after buying an additional 17,356 shares during the period. 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.