why Aptiv PLC [APTV] is a Good Choice for Investors After New Price Target of $93.78

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Aptiv PLC [NYSE: APTV] slipped around -1.51 points on Wednesday, while shares priced at $67.08 at the close of the session, down -2.20%.

Compared to the average trading volume of 3.01M shares, APTV reached a trading volume of 3196439 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Aptiv PLC [APTV]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APTV shares is $93.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APTV stock is a recommendation set at 1.84. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for Aptiv PLC shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on June 26, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $90 to $74. The new note on the price target was released on February 07, 2024, representing the official price target for Aptiv PLC stock. Previously, the target price had yet another drop from $105 to $96, while Robert W. Baird kept a Neutral rating on APTV stock. On November 03, 2023, analysts decreased their price target for APTV shares from 82 to 80.

The Average True Range (ATR) for Aptiv PLC is set at 2.33, with the Price to Sales ratio for APTV stock in the period of the last 12 months amounting to 0.91. The Price to Book ratio for the last quarter was 1.64, with the Price to Cash per share for the same quarter was set at 3.46. Price to Free Cash Flow for APTV in the course of the last twelve months was 14.63 with Quick ratio for the last quarter at 0.89.

How has APTV stock performed recently?

Aptiv PLC [APTV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.36. With this latest performance, APTV shares dropped by -11.84% in over the last four-week period, additionally sinking by -17.83% over the last 6 months – not to mention a drop of -38.70% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APTV stock in for the last two-week period is set at 36.65, with the RSI for the last a single of trading hit 33.09, and the three-weeks RSI is set at 38.82 for Aptiv PLC [APTV]. The present Moving Average for the last 50 days of trading for this stock 75.61, while it was recorded at 69.23 for the last single week of trading, and 80.00 for the last 200 days.

Aptiv PLC [APTV]: Deeper insight into the fundamentals

Aptiv PLC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 1.29.

Earnings analysis for Aptiv PLC [APTV]

With the latest financial reports released by the company, Aptiv PLC posted 1.25/share EPS, while the average EPS was predicted by analysts to be reported at 1.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 23.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APTV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Aptiv PLC go to 26.09%.

Insider trade positions for Aptiv PLC [APTV]

The top three institutional holders of APTV stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in APTV stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in APTV stock with ownership which is approximately 5.1238%.

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