Aptiv’s (APTV) “Buy” Rating Reaffirmed at Guggenheim

Aptiv (NYSE:APTV)‘s stock had its “buy” rating reaffirmed by equities research analysts at Guggenheim in a research report issued to clients and investors on Wednesday. They currently have a $104.00 price target on the auto parts company’s stock. Guggenheim’s price objective would suggest a potential upside of 12.13% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Royal Bank of Canada restated a “buy” rating on shares of Aptiv in a research note on Friday, November 3rd. Goldman Sachs Group initiated coverage on shares of Aptiv in a research note on Tuesday, December 5th. They set a “buy” rating and a $57.00 target price on the stock. Bank of America upgraded shares of Aptiv from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Monday, November 20th. Robert W. Baird lowered their target price on shares of Aptiv from $131.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Finally, Barclays set a $114.00 price target on shares of Aptiv and gave the company a “buy” rating in a research report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $93.43.

Aptiv (APTV) opened at $92.75 on Wednesday. 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 stock has a market cap of $24,660.00, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.64 and a beta of 1.38. Aptiv has a one year low of $57.37 and a one year high of $93.69.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.10. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Aptiv had a net margin of 8.00% and a return on equity of 57.92%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. equities research analysts forecast that Aptiv will post 4.74 earnings per share for the current fiscal year.

In related news, Director Bernd Wiedemann sold 17,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $101.54, for a total value of $1,726,180.00. Following the completion of the sale, the director now directly owns 7,975 shares of the company’s stock, valued at approximately $809,781.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin P. Clark bought 22,500 shares of Aptiv stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average cost of $87.88 per share, with a total value of $1,977,300.00. The disclosure for this purchase can be found here. 0.31% of the stock is owned by corporate insiders.

An institutional investor recently bought a new position in Aptiv stock. Exxonmobil Investment Management Inc. TX bought a new position in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 42,270 shares of the auto parts company’s stock, valued at approximately $3,586,000. 90.78% of the stock is owned by institutional investors.

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Aptiv Company Profile

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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