Aptiv (NYSE:APTV) Given a $100.00 Price Target at Jefferies Group

Jefferies Group set a $100.00 target price on Aptiv (NYSE:APTV) in a research note issued to investors on Monday, December 18th. The firm currently has a buy rating on the auto parts company’s stock. Jefferies Group also issued estimates for Aptiv’s Q4 2017 earnings at $1.26 EPS, FY2017 earnings at $4.29 EPS, Q1 2018 earnings at $1.23 EPS, Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.27 EPS, Q4 2018 earnings at $1.42 EPS, FY2018 earnings at $5.22 EPS, FY2019 earnings at $6.07 EPS and FY2020 earnings at $6.92 EPS.

APTV has been the topic of a number of other research reports. BidaskClub upgraded Aptiv from a hold rating to a buy rating in a research report on Friday, September 22nd. Morgan Stanley began coverage on Aptiv in a research report on Tuesday, December 5th. They issued an underweight rating and a $64.00 target price on the stock. Bank of America began coverage on Aptiv in a research report on Wednesday, December 6th. They issued a neutral rating and a $57.00 price objective on the stock. Goldman Sachs Group began coverage on Aptiv in a research report on Tuesday, December 5th. They issued a buy rating and a $57.00 price objective on the stock. Finally, Piper Jaffray Companies set a $105.00 price objective on Aptiv and gave the stock a buy rating in a research report on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $93.43.

Shares of Aptiv (NYSE APTV) traded up $1.55 during midday trading on Monday, reaching $92.06. The company had a trading volume of 2,030,000 shares, compared to its average volume of 1,980,000. The stock has a market capitalization of $24,470.00, a price-to-earnings ratio of 17.95, a P/E/G ratio of 1.64 and a beta of 1.38. Aptiv has a 52-week low of $73.00 and a 52-week high of $93.69. 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 (NYSE:APTV) last issued its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.10. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.10 billion. Aptiv had a return on equity of 57.92% and a net margin of 8.00%. Aptiv’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 earnings per share. sell-side analysts anticipate that Aptiv will post 4.74 earnings per share for the current year.

The firm also recently announced a Not Available dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, February 2nd. Aptiv’s payout ratio is 29.04%.

In other Aptiv news, Director Frank J. Dellaquila bought 1,000 shares of Aptiv stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $83.88 per share, with a total value of $83,880.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bernd Wiedemann sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $101.54, for a total value of $1,726,180.00. Following the transaction, the director now directly owns 7,975 shares of the company’s stock, valued at $809,781.50. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

A hedge fund recently bought a new stake in Aptiv stock. American National Bank acquired a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 42,814 shares of the auto parts company’s stock, valued at approximately $3,632,000. 90.78% of the stock is owned by institutional investors and hedge funds.

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About Aptiv

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.

Analyst Recommendations for Aptiv (NYSE:APTV)

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