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Headquartered in Dublin, Ireland, Aptiv Plc (APTV) is a technology company specializing in advanced safety, electrification, and connectivity solutions for the automotive industry. With a market cap of $18.79 billion, Aptiv is a critical player in developing innovative vehicle systems. Its extensive portfolio of products and services serves major automotive manufacturers and millions of consumers worldwide.
Shares of APTV have significantly underperformed the broader market over the past year. The stock has declined 35.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17%. In 2024 alone, the stock has lost 23%, compared to SPX's 9.9% gains on a YTD basis.
Zooming in further, APTV’s loss on a YTD basis is much higher than the Global X Autonomous & Electric Vehicles ETF (DRIV). The exchange-traded fund has declined about 15.4% over this period.
On Aug. 1, Aptiv closed up over 5% after reporting Q2 adjusted EPS of $1.58, beating the consensus of $1.42 and announcing a $5 billion share buyback and $3 billion accelerated share repurchase authorization.
For the current fiscal year, ending in December 2024, analysts expect APTV’s EPS to grow 29.8% year over year to $6.31. The company’s earnings surprise history is robust. It surpassed the consensus estimates in each of the last four quarters.
Among the 21 analysts covering APTV stock, the consensus rating is a “Moderate Buy.” That’s based on 13 "Strong Buys," two “Moderate Buys,” three "Holds," one “Moderate Sell,” and two “Strong Sells.”
On Aug. 5, Barclays analyst Dan Levy maintained a “Buy” rating on Aptiv with a price target of $100, implying a potential upside of 44.8% from current levels.
The mean price target of $94.05 represents a 36.2% premium to APTV’s current price levels. The Street-high price target of $147 suggests an ambitious upside potential of 112.9%.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
