Aptiv (NYSE:APTV) Stock Gets Price Target Trim from The Goldman Sachs Group

Aptiv (NYSE:APTV) had its price objective trimmed by The Goldman Sachs Group from $61.00 to $54.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the auto parts company’s stock.

Several other research analysts have also issued reports on the company. UBS Group decreased their target price on Aptiv from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Benchmark upgraded Aptiv to a “strong-buy” rating in a research report on Wednesday, September 9th. Zacks Research cut Aptiv from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Weiss Ratings downgraded Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. downgraded Aptiv from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $65.00 to $56.00 in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.02.

Aptiv Trading Down 3.4%

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

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, beating the consensus estimate of $1.33 by $0.09. Aptiv had a net margin of 1.17% and a return on equity of 17.10%. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the company earned $2.17 earnings per share. Aptiv’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that Aptiv will post 5.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in shares of Aptiv by 11.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 220,785 shares of the auto parts company’s stock valued at $9,508,000 after acquiring an additional 23,488 shares during the last quarter. Eurizon Capital SGR S.p.A. lifted its position in Aptiv by 6.2% during the third quarter. Eurizon Capital SGR S.p.A. now owns 110,399 shares of the auto parts company’s stock valued at $4,749,000 after purchasing an additional 6,465 shares during the period. Alpha Wealth Funds LLC bought a new position in Aptiv during the third quarter valued at approximately $217,000. Maryland State Retirement & Pension System boosted its holdings in Aptiv by 8.7% in the third quarter. Maryland State Retirement & Pension System now owns 11,920 shares of the auto parts company’s stock worth $513,000 after purchasing an additional 949 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its position in Aptiv by 4.7% in the 3rd quarter. Jacobi Capital Management LLC now owns 16,307 shares of the auto parts company’s stock worth $702,000 after purchasing an additional 738 shares during the period. 94.21% of the stock is owned by institutional investors.

Key Stories Impacting 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.