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Aptiv PLC (APTV) is a global technology company based in Schaffhausen, Switzerland, with a market capitalization of $15.1 billion. It designs and manufactures advanced electrical, electronic, and safety solutions for the automotive and commercial vehicle industries.
Companies worth more than $10 billion are generally labeled as “large-cap” stocks and Aptiv fits this criterion perfectly. Its expertise in advanced automotive technologies, especially in vehicle electrical architecture, connectivity, and autonomous driving, cements its position as a dominant player in the industry.
APTV has retreated 16.5% from its 52-week high of $80.95 met on Aug. 1, 2024. Shares of the company have gained 7.9% over the past three months, underperforming the broader Nasdaq Composite’s ($NASX) 9.6% rise over the same time frame.
Aptiv stock is up 11.8% on a YTD basis, outpacing $NASX’s 1.9% rise. However, shares of APTV have dipped 4.7% over the past 52 weeks, lagging behind $NASX’s 9.3% return over the same time frame.
APTV has been trading above its 50-day and 200-day moving averages since early May, indicating an uptrend.
On June 4, Guggenheim Securities downgraded Aptiv from “Buy” to “Neutral”, citing a more cautious outlook on the stock’s upside potential. Following the downgrade, APTV shares fell over 1%, underperforming the broader market.
On the bright side, APTV has outperformed its rival, Genuine Parts Company (GPC), which has dropped 14.7% over the past 52 weeks and has returned 2.2% on a YTD basis.
The stock has an overall consensus rating of “Moderate Buy” from 22 analysts covering the stock. Its mean price target of $76 implies an upswing potential of 12.4% from the prevailing market prices.
On the date of publication, Kritika Sarmah 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.
