Aptiv (NYSE:APTV) Stock Price Target Lowered at Citigroup

Aptiv (NYSE:APTV) had its price objective cut by equities research analysts at Citigroup from $77.00 to $68.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the auto parts company’s stock. Citigroup‘s price objective would suggest a potential upside of 72.24% from the stock’s previous close.

APTV has been the subject of a number of other reports. Robert W. Baird set a $59.00 target price on Aptiv in a research note on Wednesday, August 5th. Zacks Research downgraded shares of Aptiv from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. cut shares of Aptiv from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $65.00 to $56.00 in a report on Tuesday, September 15th. Finally, Wells Fargo & Company lowered their price objective on shares of Aptiv from $77.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.02.

Aptiv Trading Down 3.4%

NYSE:APTV traded down $1.37 on Friday, reaching $39.48. The company’s stock had a trading volume of 4,078,787 shares, compared to its average volume of 3,293,740. Aptiv has a 1-year low of $39.40 and a 1-year high of $88.93. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.33 and a current ratio of 1.97. The firm has a market cap of $7.99 billion, a PE ratio of 10.88, a PEG ratio of 0.84 and a beta of 1.43. The business’s 50-day moving average price is $44.25 and its two-hundred day moving average price is $59.16.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, topping 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 return on equity of 15.44% and a net margin of 4.60%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.17 earnings per share. Equities research analysts anticipate that Aptiv will post 5.70 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of large investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in Aptiv during the second quarter worth $29,000. Eastern Bank increased its holdings in shares of Aptiv by 702.9% in the second 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. Evelyn Partners Investment Management Services Ltd raised its position in shares of Aptiv by 108.7% in the first quarter. Evelyn Partners Investment Management Services Ltd now owns 576 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 300 shares during the period. Provenance Wealth Advisors LLC raised its position 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 period. Finally, Covestor Ltd raised its position in shares of Aptiv by 175.5% in the third quarter. Covestor Ltd now owns 719 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 458 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.