Zacks Research Upgrades Aptiv (NYSE:APTV) to Hold

Aptiv (NYSE:APTV) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday, Zacks reports.

A number of other research analysts have also recently commented on APTV. Deutsche Bank Aktiengesellschaft cut Aptiv from a “buy” rating to a “hold” rating and set a $56.00 target price on the stock. in a research note on Wednesday, August 5th. Argus set a $64.00 price objective on Aptiv in a research note on Thursday, August 13th. Royal Bank Of Canada lowered their target price on shares of Aptiv from $77.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday. Morgan Stanley cut their target price on shares of Aptiv from $55.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered shares of Aptiv from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $65.00 to $56.00 in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.02.

Aptiv Trading Down 3.4%

NYSE:APTV opened at $39.48 on Thursday. The firm has a fifty day simple moving average of $44.13 and a two-hundred day simple moving average of $58.97. The company has a current ratio of 2.02, a quick ratio of 1.33 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 0.86 and a beta of 1.43. Aptiv has a 12 month low of $39.40 and a 12 month high of $88.93.

Aptiv (NYSE:APTV) last announced its earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.09. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.17 billion. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. Aptiv’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $2.17 earnings per share. Analysts expect that Aptiv will post 5.65 EPS for the current fiscal year.

Institutional Trading of Aptiv

A number of institutional investors have recently modified their holdings of the company. Provenance Wealth Advisors LLC raised its holdings in shares of Aptiv by 9,171.4% in the third quarter. Provenance Wealth Advisors LLC now owns 649 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 642 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Aptiv during the 2nd quarter worth approximately $29,000. Covestor Ltd lifted its holdings in Aptiv by 175.5% in the 3rd quarter. Covestor Ltd now owns 719 shares of the auto parts company’s stock worth $31,000 after buying an additional 458 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Aptiv during the 3rd quarter valued at about $32,000. Finally, Eastern Bank raised its position in Aptiv by 702.9% in the 2nd quarter. Eastern Bank now owns 546 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 478 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Key Aptiv News

Here are the key news stories impacting Aptiv this week:

• Positive Sentiment: Aptiv said it is accelerating its robotics expansion with industry partners, a potential opportunity to broaden growth beyond its core automotive business. Aptiv: Accelerates Robotics Expansion With Industry Partners
• Positive Sentiment: Citigroup lowered its price target to $68 from $77 but maintained a Buy rating; the new target implies 72.2% upside from the cited share price. This signals continued optimism, although the reduced target reflects a more cautious valuation. Citigroup stock recommendations
• Neutral Sentiment: Wall Street analysts are described as moderately optimistic despite Aptiv’s substantial underperformance versus the broader market over the past year. Are Wall Street Analysts Predicting Aptiv Stock Will Climb or Sink?
• Negative Sentiment: Several firms lowered their price targets, including Goldman Sachs, which cut its target to $54, and TD Cowen, which reduced its target to $72. Morgan Stanley and RBC also lowered targets, adding to the cautious tone around valuation. Goldman Sachs lowers Aptiv price target TD Cowen cuts Aptiv price target Morgan Stanley lowers Aptiv price target RBC lowers Aptiv price target

Aptiv Company Profile

Aptiv PLC (NYSE: APTV) is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.

The company’s product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.