Aptiv (APTV) Research Coverage Started at Longbow Research
Longbow Research began coverage on shares of Aptiv (NYSE:APTV) in a research note released on Friday morning, Marketbeat reports. The brokerage issued a buy rating and a $105.00 price target on the auto parts company’s stock.
APTV has been the topic of a number of other research reports. Robert W. Baird reissued an outperform rating and set a $128.00 price objective (up previously from $110.00) on shares of Aptiv in a report on Thursday, September 28th. They noted that the move was a valuation call. BMO Capital Markets lowered their price objective on Aptiv to $96.00 and set an outperform rating on the stock in a report on Tuesday, January 2nd. They noted that the move was a valuation call. UBS Group started coverage on Aptiv in a report on Wednesday, December 6th. They set a neutral rating on the stock. Cowen started coverage on Aptiv in a report on Monday, September 25th. They set an outperform rating and a $120.00 price objective on the stock. Finally, BidaskClub raised Aptiv from a hold rating to a buy rating in a report on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $87.48.
Shares of Aptiv (NYSE:APTV) opened at $91.93 on Friday. Aptiv has a one year low of $57.15 and a one year high of $92.97. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.22 and a current ratio of 1.62. The firm has a market capitalization of $24,440.00, a PE ratio of 17.92, a PEG ratio of 1.64 and a beta of 1.38.
Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.10. Aptiv had a return on equity of 57.92% and a net margin of 8.00%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period last year, the business earned $1.50 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. equities research analysts anticipate that Aptiv will post 4.74 earnings per share for the current fiscal year.
The firm also recently announced a Not Available dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be issued a $0.22 dividend. The ex-dividend date is Friday, February 2nd. Aptiv’s dividend payout ratio (DPR) is currently 29.04%.
In other news, Director Frank J. Dellaquila acquired 1,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were bought at an average price of $83.88 per share, with a total value of $83,880.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kevin P. Clark acquired 22,500 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were purchased at an average cost of $87.88 per share, for a total transaction of $1,977,300.00. The disclosure for this purchase can be found here. Company insiders own 0.31% of the company’s stock.
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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.
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