Aptiv (NYSE:APTV) Price Target Raised to $96.00

Aptiv (NYSE:APTV) had its target price upped by Credit Suisse Group from $90.00 to $96.00 in a research report sent to investors on Thursday morning, The Fly reports. The firm currently has an outperform rating on the auto parts company’s stock.

Other analysts have also issued research reports about the stock. Morgan Stanley reduced their target price on shares of Aptiv from $67.00 to $65.00 and set an underweight rating for the company in a research note on Friday, June 28th. Citigroup boosted their price target on shares of Aptiv from $90.00 to $102.00 and gave the stock a buy rating in a report on Thursday. ValuEngine raised shares of Aptiv from a hold rating to a buy rating in a report on Thursday. Jefferies Financial Group reissued a buy rating and issued a $108.00 price target (up from $99.00) on shares of Aptiv in a report on Thursday. Finally, KeyCorp boosted their price target on shares of Aptiv from $95.00 to $105.00 and gave the stock an overweight rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Aptiv currently has an average rating of Buy and an average target price of $92.16.

Shares of NYSE APTV traded down $0.38 during trading on Thursday, hitting $83.25. The stock had a trading volume of 1,248,482 shares, compared to its average volume of 1,673,456. Aptiv has a 12 month low of $58.80 and a 12 month high of $98.77. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $21.07 billion, a P/E ratio of 15.83, a PEG ratio of 1.48 and a beta of 2.06. The company’s fifty day moving average price is $79.66.

Aptiv (NYSE:APTV) last posted its earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.20. Aptiv had a net margin of 6.95% and a return on equity of 35.66%. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts predict that Aptiv will post 5.1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.06%. The ex-dividend date is Tuesday, August 6th. Aptiv’s dividend payout ratio (DPR) is presently 16.73%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thor Advisors LLC purchased a new stake in Aptiv during the first quarter valued at about $33,000. Botty Investors LLC purchased a new stake in Aptiv during the first quarter valued at about $40,000. Essex Savings Bank lifted its holdings in Aptiv by 88.1% during the first quarter. Essex Savings Bank now owns 555 shares of the auto parts company’s stock valued at $44,000 after purchasing an additional 260 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Aptiv during the first quarter valued at about $50,000. Finally, Advisors Preferred LLC purchased a new stake in Aptiv during the first quarter valued at about $50,000. 94.53% of the stock is currently owned by institutional investors and hedge funds.

About Aptiv

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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The Fly

Analyst Recommendations for Aptiv (NYSE:APTV)

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