Aptiv’s (APTV) “Buy” Rating Reiterated at Robert W. Baird
Aptiv (NYSE:APTV)‘s stock had its “buy” rating reaffirmed by equities researchers at Robert W. Baird in a research note issued on Tuesday. They currently have a $104.00 price target on the auto parts company’s stock. Robert W. Baird’s price target would suggest a potential upside of 13.13% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. BMO Capital Markets reduced their price objective on Aptiv to $96.00 and set an “outperform” rating for the company in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. UBS Group began coverage on Aptiv in a research report on Wednesday, December 6th. They issued a “neutral” rating for the company. Cowen began coverage on Aptiv in a research report on Monday, September 25th. They issued an “outperform” rating and a $120.00 price objective for the company. BidaskClub raised Aptiv from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Aptiv in a research report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $89.63.
Shares of Aptiv (APTV) opened at $91.93 on Tuesday. The stock has a market capitalization of $24,440.00, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.64 and a beta of 1.38. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 1.35. Aptiv has a 12-month low of $57.15 and a 12-month high of $92.97.
Aptiv (NYSE:APTV) last announced its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.10. Aptiv had a return on equity of 57.92% and a net margin of 8.00%. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. equities analysts forecast that Aptiv will post 4.74 EPS for the current fiscal year.
In other news, Director Frank J. Dellaquila bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average cost of $83.88 per share, for a total transaction of $83,880.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin P. Clark bought 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of $87.88 per share, with a total value of $1,977,300.00. The disclosure for this purchase can be found here. Corporate 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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