Aptiv (NYSE:APTV) Receives “Buy” Rating from Oppenheimer

Oppenheimer restated their buy rating on shares of Aptiv (NYSE:APTV) in a research report released on Thursday morning, AnalystRatings.com reports. They currently have a $83.00 target price on the auto parts company’s stock.

Several other analysts have also recently weighed in on APTV. JPMorgan Chase & Co. lifted their price objective on Aptiv from $73.00 to $89.00 and gave the company an overweight rating in a research report on Friday, June 19th. Morgan Stanley boosted their price target on Aptiv from $58.00 to $63.00 and gave the stock an overweight rating in a research report on Wednesday, June 24th. KeyCorp boosted their price target on Aptiv from $70.00 to $77.00 and gave the stock an overweight rating in a research report on Monday, April 13th. UBS Group raised Aptiv from a neutral rating to a buy rating and boosted their price target for the stock from $50.00 to $86.00 in a research report on Tuesday, May 19th. Finally, Guggenheim cut Aptiv from a buy rating to a neutral rating in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $88.23.

Shares of NYSE:APTV opened at $77.75 on Thursday. Aptiv has a 1 year low of $29.22 and a 1 year high of $99.04. The company has a market cap of $19.82 billion, a PE ratio of 11.83, a P/E/G ratio of 6.85 and a beta of 2.26. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.32. The stock’s 50-day moving average is $78.08 and its 200 day moving average is $73.94.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, July 30th. The auto parts company reported ($1.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.33. Aptiv had a return on equity of 10.10% and a net margin of 13.63%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.97 billion. Analysts expect that Aptiv will post 1.02 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. OLD National Bancorp IN boosted its holdings in shares of Aptiv by 3.2% during the 2nd quarter. OLD National Bancorp IN now owns 4,787 shares of the auto parts company’s stock valued at $373,000 after purchasing an additional 149 shares during the last quarter. First Hawaiian Bank boosted its holdings in shares of Aptiv by 1.7% during the 1st quarter. First Hawaiian Bank now owns 12,056 shares of the auto parts company’s stock valued at $593,000 after purchasing an additional 206 shares during the last quarter. Montecito Bank & Trust boosted its holdings in shares of Aptiv by 3.6% during the 1st quarter. Montecito Bank & Trust now owns 6,186 shares of the auto parts company’s stock valued at $305,000 after purchasing an additional 215 shares during the last quarter. IBM Retirement Fund boosted its holdings in shares of Aptiv by 3.8% during the 2nd quarter. IBM Retirement Fund now owns 6,261 shares of the auto parts company’s stock valued at $488,000 after purchasing an additional 228 shares during the last quarter. Finally, HighPoint Advisor Group LLC boosted its holdings in shares of Aptiv by 7.2% during the 1st quarter. HighPoint Advisor Group LLC now owns 3,495 shares of the auto parts company’s stock valued at $219,000 after purchasing an additional 234 shares during the last quarter. Institutional investors and hedge funds own 90.10% of the company’s stock.

Aptiv Company Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Analyst Recommendations for Aptiv (NYSE:APTV)

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