Aptiv (NYSE:APTV) Price Target Raised to $97.00

Aptiv (NYSE:APTV) had its target price increased by JPMorgan Chase & Co. from $93.00 to $97.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. They currently have an overweight rating on the auto parts company’s stock.

Other analysts also recently issued research reports about the company. Buckingham Research cut their target price on Aptiv from $80.00 to $76.00 and set a neutral rating on the stock in a research note on Tuesday, May 7th. Jefferies Financial Group reissued a buy rating and issued a $108.00 price objective (up previously from $99.00) on shares of Aptiv in a research note on Thursday. KeyCorp boosted their price objective on Aptiv from $95.00 to $105.00 and gave the stock an overweight rating in a research note on Monday, April 22nd. Citigroup boosted their price objective on Aptiv from $90.00 to $102.00 and gave the stock a buy rating in a research note on Thursday. Finally, ValuEngine raised Aptiv from a hold rating to a buy rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $92.16.

Aptiv stock traded down $0.38 during mid-day trading on Thursday, hitting $83.25. 1,307,190 shares of the company’s stock traded hands, compared to its average volume of 1,397,109. The company has a 50 day moving average price of $79.66. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.87 and a current ratio of 1.22. The firm has a market cap of $21.43 billion, a P/E ratio of 15.83, a PEG ratio of 1.47 and a beta of 2.06. Aptiv has a one year low of $58.80 and a one year high of $98.77.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.20. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.64 billion. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. Sell-side analysts forecast that Aptiv will post 5.12 earnings per share for the current year.

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

Several institutional investors have recently made changes to their positions in the company. Artisan Partners Limited Partnership grew its holdings in shares of Aptiv by 7.2% during the first quarter. Artisan Partners Limited Partnership now owns 7,567,450 shares of the auto parts company’s stock valued at $601,537,000 after buying an additional 507,774 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Aptiv by 1.4% during the first quarter. Lazard Asset Management LLC now owns 5,879,004 shares of the auto parts company’s stock valued at $467,321,000 after buying an additional 83,653 shares in the last quarter. Janus Henderson Group PLC grew its stake in Aptiv by 0.9% in the second quarter. Janus Henderson Group PLC now owns 4,511,620 shares of the auto parts company’s stock valued at $365,003,000 after purchasing an additional 41,542 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Aptiv by 1.6% in the first quarter. Neuberger Berman Group LLC now owns 3,854,860 shares of the auto parts company’s stock valued at $306,363,000 after purchasing an additional 61,182 shares in the last quarter. Finally, FMR LLC grew its stake in Aptiv by 11.9% in the fourth quarter. FMR LLC now owns 3,383,091 shares of the auto parts company’s stock valued at $208,296,000 after purchasing an additional 360,089 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Aptiv (NYSE:APTV)

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