Aptiv (NYSE:APTV) Stock Gets Price Target Reduction from Royal Bank Of Canada

Aptiv (NYSE:APTV) had its target price lowered by Royal Bank Of Canada from $77.00 to $64.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the auto parts company’s stock.

Several other research firms have also commented on APTV. Evercore reissued an “outperform” rating and issued a $70.00 price objective on shares of Aptiv in a research note on Monday, August 10th. Wells Fargo & Company cut their target price on shares of Aptiv from $77.00 to $66.00 and set an “overweight” rating on the stock 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 research note on Monday, August 10th. Robert W. Baird set a $59.00 target price on shares of Aptiv in a report on Wednesday, August 5th. Finally, TD Cowen decreased their price target on shares of Aptiv from $90.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.02.

Aptiv Trading Down 3.4%

Aptiv stock traded down $1.37 during midday trading on Wednesday, reaching $39.48. 4,079,917 shares of the stock traded hands, compared to its average volume of 2,583,068. The company has a 50-day simple moving average of $44.13 and a two-hundred day simple moving average of $58.97. Aptiv has a 12-month low of $39.40 and a 12-month high of $88.93. The firm has a market cap of $8.20 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The company has a current ratio of 2.02, a quick ratio of 1.33 and a debt-to-equity ratio of 0.61.

Aptiv (NYSE:APTV) last released its earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share for the quarter, beating 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 17.10% and a net margin of 1.17%. Aptiv’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.17 EPS. Research analysts expect that Aptiv will post 5.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several hedge funds and other institutional investors have recently made changes to their positions in APTV. Ameritas Advisory Services LLC acquired a new position in shares of Aptiv during the second quarter worth about $29,000. Eastern Bank raised its holdings in 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 acquiring an additional 478 shares in the last quarter. Evelyn Partners Investment Management Services Ltd raised its holdings in 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 acquiring an additional 300 shares in the last quarter. Provenance Wealth Advisors LLC raised its holdings in 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 acquiring an additional 642 shares in the last quarter. Finally, Root Financial Partners LLC lifted its stake in Aptiv by 62.2% in the first quarter. Root Financial Partners LLC now owns 709 shares of the auto parts company’s stock worth $49,000 after acquiring an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Trending Headlines about Aptiv

Here are the key news stories impacting Aptiv this week:

• Positive Sentiment: Aptiv said it is accelerating its robotics expansion with industry partners, a potential opportunity to broaden growth beyond its core automotive business. Aptiv: Accelerates Robotics Expansion With Industry Partners
• Positive Sentiment: Citigroup lowered its price target to $68 from $77 but maintained a Buy rating; the new target implies 72.2% upside from the cited share price. This signals continued optimism, although the reduced target reflects a more cautious valuation. Citigroup stock recommendations
• Neutral Sentiment: Wall Street analysts are described as moderately optimistic despite Aptiv’s substantial underperformance versus the broader market over the past year. Are Wall Street Analysts Predicting Aptiv Stock Will Climb or Sink?
• Negative Sentiment: Several firms lowered their price targets, including Goldman Sachs, which cut its target to $54, and TD Cowen, which reduced its target to $72. Morgan Stanley and RBC also lowered targets, adding to the cautious tone around valuation. Goldman Sachs lowers Aptiv price target TD Cowen cuts Aptiv price target Morgan Stanley lowers Aptiv price target RBC lowers Aptiv price target

About Aptiv

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.