The stock of Aptiv PLC (NYSE:APTV) decreased by -$2.13 on Tuesday to finish at $97.30, down -2.14 percent. The last five days have seen an average of 2,137,380 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $4.17. The average number of shares traded over the last 20 days was 1,865,830, while the average volume over the last 50 days totaled 1,952,648.
APTV stock dropped -10.92% since last month. On 08/14/23, the company’s shares reached a one-month low of $97.03. The stock touched a high of $124.88 on 02/15/23, after rallying from a low of $77.96 in 52 weeks. The price of APTV stock has risen by 4.48% or $4.17 this year, reaching a new high 16 times. Still, the stock price is down -22.09% from the 52-week high.
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Insider Transactions
APTV stock investors should be aware that Aptiv PLC (APTV) stock had its last reported insider trading activity 83 days ago on May 25. On May 25, Chairman and CEO CLARK KEVIN P sold 6,665 shares at $89.98 each. This transaction resulted in the insider making $599,717. On May 24, CLARK KEVIN P sold 6,665 shares at a price of US$90.40. After the transaction, the insider now owns 572,150 shares. Director COOPER NANCY E had earlier sold 669 shares on Apr 27 for $103.35 a share. The transaction was completed for $69,141.
Valuation Metrics
Aptiv PLC (APTV) has a trailing price-to-earnings (P/E) ratio of 29.57. Beta for the stock is 2.05. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.49, the price-to-book (PB) ratio of 2.87, and the price-to-cash flow ratio of 28.34.
Company paid $0.22 per share in dividends, remained unchanged from $0.22 last year.
Financial Health
For the three months ended June 29, Aptiv PLC’s quick ratio was 1.20, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.70, and the total debt to equity ratio is 0.71. As far as profitability goes, gross margin for the trailing twelve months is 16.80% percent. Aptiv PLC’s EBITDA margin for the year ended June 29 was 12.03%, whereas its operating margin stood at 8.20% for the same period. Based on annual data, it had gross profit of $2.63 billion and revenue of $17.49 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. APTV’s return on assets (ROA) during the last 12 months has been 4.20%. There was a 7.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.20%.
Earnings Surprise
According to Aptiv PLC’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.2 billion, while revenues rose by 21.98% to $4.82 billion. It was predicted that Aptiv PLC’s quarterly earnings would be $1.25, but it ended up being $1.01, beating the consensus by 23.80%. EBITDA was $637.0 million for the quarter. At the end of Aptiv PLC’s most recent quarter ended June 29, its liabilities totaled 12.67 billion, while its total debt was $7.0 billion. Equity owned by shareholders amounts to $282.82 million.
Technical Picture
Here’s a quick look at Aptiv PLC’s (APTV) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 22.37%, suggesting the stock is oversold, with a 32.36% historical volatility rate.
The stochastic %K and %D were 7.90% and 8.81% respectively, while the average true range (ATR) was 3.03. Based on the 14-day stochastic reading of 1.68%, the RSI (14) reading is 30.12%. On the 9-day MACD Oscillator, the stock is at -5.17, and the 14-day reading is at -6.98.
Analyst Ratings
In its most recent analyst report, BofA Securities raised its rating on Aptiv PLC (NYSE: APTV) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Aptiv PLC (APTV) an Overweight rating. APTV is a stock that is recommended for selling by 2 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 5 rates it overweight and 16 others recommend it as a buy.
What is APTV’s price target for the next 12 months?
The current consensus forecast for the stock is between $82.00 and $162.00, with a median target price of $134.00. In analyzing these forecasts, the average price target given by analysts for Aptiv PLC (APTV) is $129.96.
