KeyBanc Initiates Coverage on Aptiv (APTV). What May be Next?

Why Has KeyBanc Given Aptiv (APTV) a $95 Price Target

KeyBanc has just issued a “Overweight” rating for Aptiv (APTV) shares. The firm initiated coverage on shares of APTV in an analyst note issued to clients and investors on Tuesday morning. This target price means upside of 42.30 % from the last stock close of Aptiv (APTV).

Aptiv PLC (NYSE:APTV) Ratings Coverage

Among 6 analysts covering Aptiv PLC (APTV), 5 have Buy rating, 1 Sell and 0 Hold. Therefore 83% are positive. Aptiv PLC has $11800 highest and $72 lowest target. $96’s average target is 43.80% above currents $66.76 stock price. Aptiv PLC had 9 analyst reports since June 20, 2018 according to SRatingsIntel. Citigroup maintained the shares of APTV in report on Friday, October 12 with “Buy” rating. The company was initiated on Wednesday, June 20 by Wells Fargo. Morgan Stanley maintained Aptiv PLC (NYSE:APTV) rating on Monday, August 13. Morgan Stanley has “Underweight” rating and $81 target. As per Wednesday, November 14, the company rating was maintained by Morgan Stanley. The firm earned “Buy” rating on Wednesday, October 3 by Buckingham Research. The firm earned “Outperform” rating on Thursday, November 1 by Wells Fargo. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, August 1. The stock has “Buy” rating by Citigroup on Friday, November 2.

The stock increased 2.19% or $1.43 during the last trading session, reaching $66.76. About 2.89M shares traded or 32.30% up from the average. Aptiv PLC (APTV) has declined 22.58% since December 12, 2017 and is downtrending. It has underperformed by 22.58% the S&P500.

Analysts await Aptiv PLC (NYSE:APTV) to report earnings on February, 7. They expect $1.23 earnings per share, down 3.91 % or $0.05 from last year’s $1.28 per share. APTV’s profit will be $324.06M for 13.57 P/E if the $1.23 EPS becomes a reality. After $1.24 actual earnings per share reported by Aptiv PLC for the previous quarter, Wall Street now forecasts -0.81 % negative EPS growth.

Aptiv PLC, together with its subsidiaries, manufacturers vehicle components; and provides electrical and electronic, powertrain, and safety technology solutions to the automotive and commercial vehicle markets worldwide. The company has market cap of $17.59 billion. It operates through three divisions: Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety. It has a 16.49 P/E ratio. The Electrical/Electronic Architecture segment offers complete design of the vehicle??s electrical architecture, including connectors, wiring assemblies and harnesses, electrical centers, and hybrid high voltage and safety distribution systems.

More notable recent Aptiv PLC (NYSE:APTV) news were published by: Investorplace.com which released: “The 5 Best Stocks to Invest in Self-Driving Cars – Investorplace.com” on November 29, 2018, also Streetinsider.com with their article: “Jefferies Assumes Aptive PLC. (APTV) at Buy, Top Pick – StreetInsider.com” published on December 04, 2018, Benzinga.com published: “Barron’s Picks And Pans: Facebook (NASDAQ:FB), GE (NYSE:GE), GM (NYSE:GM), Microsoft (NASDAQ:MSFT) And More – Benzinga” on December 01, 2018. More interesting news about Aptiv PLC (NYSE:APTV) were released by: Fool.com and their article: “Delphi Technologies Cuts Guidance and Announces Interim CEO as Shares Drop 11% – The Motley Fool” published on October 05, 2018 as well as Seekingalpha.com‘s news article titled: “Auto suppliers PTs cut at Morgan Stanley – Seeking Alpha” with publication date: November 14, 2018.

Aptiv PLC (NYSE:APTV) Ratings Chart

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