Buckingham Research Raises Aptiv (APTV) Price Target to $110.00

Aptiv (NYSE:APTV) had its price target raised by Buckingham Research from $93.00 to $110.00 in a report published on Monday, February 5th. The firm currently has a buy rating on the auto parts company’s stock.

Other research analysts have also issued research reports about the company. Barclays lifted their price target on Aptiv from $104.00 to $114.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Piper Jaffray Companies raised their price objective on Aptiv from $105.00 to $108.00 and gave the stock an overweight rating in a research report on Friday, February 2nd. Royal Bank of Canada raised their price objective on Aptiv to $110.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Robert W. Baird reaffirmed a buy rating on shares of Aptiv in a research report on Friday, February 2nd. Finally, Guggenheim reaffirmed a buy rating and issued a $104.00 target price on shares of Aptiv in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $97.84.

Shares of Aptiv (APTV) traded up $0.11 during midday trading on Monday, hitting $92.80. 417,252 shares of the stock were exchanged, compared to its average volume of 2,106,202. The firm has a market cap of $24,690.00, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.48. Aptiv has a twelve month low of $61.73 and a twelve month high of $96.91. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 1.17.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.05). The business had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Aptiv had a net margin of 8.27% and a return on equity of 50.01%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $1.83 EPS. equities analysts forecast that Aptiv will post 5.15 EPS for the current year.

The firm also recently disclosed a Not Available dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, February 2nd. Aptiv’s dividend payout ratio is presently 23.10%.

In related news, insider Kevin P. Clark acquired 22,500 shares of Aptiv stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average cost of $87.88 per share, for a total transaction of $1,977,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bernd Wiedemann sold 17,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $101.54, for a total value of $1,726,180.00. Following the transaction, the director now owns 7,975 shares in the company, valued at $809,781.50. The disclosure for this sale can be found here. Insiders have purchased 24,000 shares of company stock worth $2,104,430 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APTV. Exxonmobil Investment Management Inc. TX purchased a new position in Aptiv during the fourth quarter worth about $3,586,000. American National Bank acquired a new stake in Aptiv during the fourth quarter worth about $3,632,000. Appleton Partners Inc. MA acquired a new stake in Aptiv during the fourth quarter worth about $823,000. Nisa Investment Advisors LLC acquired a new stake in Aptiv during the fourth quarter worth about $1,857,000. Finally, Bremer Trust National Association acquired a new stake in Aptiv during the fourth quarter worth about $1,914,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

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About Aptiv

Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.

Analyst Recommendations for Aptiv (NYSE:APTV)

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