Aptiv (APTV) Price Target Lowered to $99.00 at Citigroup

Aptiv (NYSE:APTV) had its price objective dropped by equities researchers at Citigroup from $112.50 to $99.00 in a research report issued on Friday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. Citigroup’s target price points to a potential upside of 33.75% from the stock’s current price.

Several other brokerages have also weighed in on APTV. ValuEngine upgraded Aptiv from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. BMO Capital Markets set a $113.00 price target on Aptiv and gave the company a “buy” rating in a research note on Wednesday, August 1st. Royal Bank of Canada lifted their price target on Aptiv to $115.00 and gave the company an “outperform” rating in a research note on Friday, June 22nd. Zacks Investment Research lowered Aptiv from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Finally, Barclays lifted their price target on Aptiv from $114.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $99.30.

Shares of Aptiv stock opened at $74.02 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.55 and a debt-to-equity ratio of 1.08. Aptiv has a twelve month low of $72.52 and a twelve month high of $103.23. The stock has a market capitalization of $22.21 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 1.17 and a beta of 1.57.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Tuesday, July 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.03. Aptiv had a return on equity of 41.16% and a net margin of 8.28%. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the business earned $1.13 EPS. Aptiv’s revenue for the quarter was up 16.8% compared to the same quarter last year. Analysts forecast that Aptiv will post 5.35 earnings per share for the current fiscal year.

In other news, Director Frank J. Dellaquila acquired 750 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was bought at an average cost of $89.00 per share, for a total transaction of $66,750.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Joseph R. Massaro sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $86.24, for a total value of $241,472.00. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of APTV. First Mercantile Trust Co. acquired a new position in shares of Aptiv during the 2nd quarter worth approximately $159,000. Cranbrook Wealth Management LLC acquired a new position in shares of Aptiv during the 2nd quarter worth approximately $162,000. RNC Capital Management LLC acquired a new position in shares of Aptiv during the 2nd quarter worth approximately $202,000. CWM Advisors LLC acquired a new position in shares of Aptiv during the 2nd quarter worth approximately $223,000. Finally, Jane Street Group LLC boosted its holdings in shares of Aptiv by 106.0% during the 1st quarter. Jane Street Group LLC now owns 2,760 shares of the auto parts company’s stock worth $235,000 after purchasing an additional 48,810 shares during the last quarter. Institutional investors and hedge funds own 91.00% 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 segments, Signal and Power Solutions; and Advanced Safety and User Experience.

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