JPMorgan Chase & Co. Raises Aptiv (NYSE:APTV) Price Target to $113.00

Aptiv (NYSE:APTV) had its price target raised by analysts at JPMorgan Chase & Co. from $109.00 to $113.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 34.49% from the stock’s previous close.

APTV has been the subject of several other research reports. Robert W. Baird upped their price objective on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley cut Aptiv from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $90.00 to $74.00 in a research note on Wednesday, February 7th. Oppenheimer decreased their price target on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday. Guggenheim dropped their price objective on shares of Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, Citigroup lowered their price target on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given 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 target price of $108.15.

Aptiv Stock Down 0.5 %

NYSE:APTV traded down $0.38 during trading hours on Tuesday, hitting $84.02. The company’s stock had a trading volume of 745,469 shares, compared to its average volume of 2,734,733. The stock has a market capitalization of $22.86 billion, a P/E ratio of 7.93, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $76.26 and a 200-day moving average of $80.48. Aptiv has a 52-week low of $68.84 and a 52-week high of $113.60.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the company earned $0.91 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Aptiv will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in APTV. Riverview Trust Co acquired a new position in Aptiv during the first quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new position in Aptiv during the first quarter worth about $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in Aptiv during the fourth quarter worth about $29,000. GAMMA Investing LLC acquired a new position in Aptiv during the fourth quarter worth about $32,000. Finally, Mather Group LLC. acquired a new position in Aptiv during the first quarter worth about $33,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.