On Nov 01, major Wall Street analysts update their ratings for $Aptiv PLC (APTV.US)$, with price targets ranging from $65 to $83.
Morgan Stanley analyst Adam Jonas maintains with a sell rating, and maintains the target price at $68.
Wells Fargo analyst Colin Langan maintains with a buy rating, and adjusts the target price from $87 to $74.
TD Cowen analyst Jeff Osborne maintains with a buy rating, and maintains the target price at $74.
Baird analyst Luke Junk maintains with a hold rating, and adjusts the target price from $83 to $65.
Oppenheimer analyst Colin Rusch maintains with a buy rating, and adjusts the target price from $147 to $83.
Furthermore, according to the comprehensive report, the opinions of $Aptiv PLC (APTV.US)$'s main analysts recently are as follows:
Aptiv disclosed a combination of positive and negative outcomes in their Q3 performance, with future forecasts adjusted modestly downwards, reflecting a conservative stance on industry prospects. Management emphasized uncertainties for FY25 and diminishing OEM production timetables. As some clients are streamlining operations due to cost-effective rivals and lukewarm electric vehicle sales, the substantial market pullback on Thursday seems to be an overreaction. In light of the recent decline, analysts suggest seizing the opportunity to invest.
Aptiv's Q3 EBIT fell short of the consensus by 2%, and the company's management has revised its FY24 sales and EBIT forecasts downwards by 2% and 3%, respectively.
The 2024 forecasts for margins and bookings have been revised downward due to subdued production schedules and postponements from major clients, while maintaining a positive outlook on the shares.
The shares of Aptiv experienced a decrease after announcing third-quarter results that were generally consistent with expectations. The company's downward revision of its 2024 guidance and the overall cautious demeanor of management were not well received by investors.
Here are the latest investment ratings and price targets for $Aptiv PLC (APTV.US)$ from 6 analysts:
Note:
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