Aptiv (NYSE:APTV) Price Target Cut to $83.00 by Analysts at Oppenheimer

Aptiv (NYSE:APTV) had its target price reduced by equities researchers at Oppenheimer from $147.00 to $83.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the auto parts company’s stock. Oppenheimer’s price objective indicates a potential upside of 46.10% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Barclays lowered their price target on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, August 5th. StockNews.com assumed coverage on Aptiv in a report on Saturday, October 26th. They set a “hold” rating for the company. Bank of America lowered their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 14th. Morgan Stanley lowered their target price on Aptiv from $70.00 to $68.00 and set an “underweight” rating for the company in a report on Wednesday, September 25th. Finally, Evercore ISI lowered their target price on Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.06.

Aptiv Price Performance

Shares of Aptiv stock traded down $0.02 during trading on Friday, reaching $56.81. 3,386,136 shares of the company’s stock were exchanged, compared to its average volume of 3,028,819. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. Aptiv has a 1-year low of $54.70 and a 1-year high of $91.66. The company has a market cap of $15.10 billion, a P/E ratio of 4.29, a PEG ratio of 0.63 and a beta of 1.79. The firm’s 50-day moving average price is $69.89 and its 200 day moving average price is $72.52.

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

Institutional Investors Weigh In On Aptiv

Several institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its holdings in Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after acquiring an additional 1,764,844 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after acquiring an additional 905,431 shares in the last quarter. Capital World Investors purchased a new stake in shares of Aptiv in the first quarter worth approximately $343,760,000. Clearbridge Investments LLC raised its stake in shares of Aptiv by 3.1% in the first quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after purchasing an additional 131,431 shares during the last quarter. Finally, EdgePoint Investment Group Inc. purchased a new stake in shares of Aptiv in the first quarter worth approximately $335,426,000. Institutional investors own 94.21% of the company’s stock.

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.