Aptiv (NYSE:APTV) Given New $60.00 Price Target at Morgan Stanley

Aptiv (NYSE:APTV) had its target price trimmed by Morgan Stanley from $68.00 to $60.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an underweight rating on the auto parts company’s stock.

A number of other research firms also recently issued reports on APTV. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. StockNews.com began coverage on shares of Aptiv in a research note on Monday. They issued a “hold” rating on the stock. TD Cowen reduced their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.53.

Aptiv Price Performance

Aptiv stock traded down $0.93 during mid-day trading on Thursday, reaching $53.10. 4,351,698 shares of the company’s stock traded hands, compared to its average volume of 3,111,709. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 0.50 and a beta of 1.81. The stock has a 50 day moving average of $66.82 and a two-hundred day moving average of $71.48. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv has a 12-month low of $52.14 and a 12-month high of $91.66.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 earnings per share. Equities analysts forecast that Aptiv will post 6.18 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Independence Bank of Kentucky purchased a new position in Aptiv during the 2nd quarter valued at about $25,000. Crewe Advisors LLC grew its position in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares during the last quarter. Clearstead Trust LLC grew its position in shares of Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after buying an additional 305 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its position in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.