Robert W. Baird Issues Pessimistic Forecast for Aptiv (NYSE:APTV) Stock Price

Aptiv (NYSE:APTV) had its target price cut by equities researchers at Robert W. Baird from $85.00 to $65.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price target would indicate a potential upside of 15.31% from the company’s current price.

Several other analysts have also recently issued reports on APTV. Oppenheimer reaffirmed an “outperform” rating and set a $145.00 price objective on shares of Aptiv in a research note on Tuesday, July 9th. Royal Bank of Canada upped their price objective on shares of Aptiv from $85.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Wolfe Research assumed coverage on shares of Aptiv in a research note on Thursday, September 5th. They set an “outperform” rating and a $89.00 price objective for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $74.00 price objective on shares of Aptiv in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Two 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. According to data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $88.18.

Aptiv Stock Down 0.8 %

APTV stock opened at $56.37 on Friday. The stock has a market capitalization of $14.98 billion, a P/E ratio of 4.26, a P/E/G ratio of 0.63 and a beta of 1.79. The firm has a 50-day simple moving average of $69.58 and a 200-day simple moving average of $72.41. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. Aptiv has a 52 week low of $54.70 and a 52 week high of $91.66.

Aptiv (NYSE:APTV) last released its 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 net margin of 18.46% and a return on equity of 13.19%. The business 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 company earned $1.30 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts forecast that Aptiv will post 6.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several large investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of Aptiv by 15.9% in the 2nd 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 during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Aptiv by 13.7% in the 2nd 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 during the last quarter. Capital World Investors acquired a new position in shares of Aptiv in the 1st quarter worth approximately $343,760,000. Clearbridge Investments LLC increased its stake in Aptiv by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after buying an additional 131,431 shares during the period. Finally, EdgePoint Investment Group Inc. purchased a new stake in Aptiv during the 1st quarter worth approximately $335,426,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.