For its first fiscal quarter (ending March 31), Aptiv Plc (NYSE: APTV) has reported a 46% increase in E.P.S. from $0.54 a year ago to $0.79 in the current quarter. However, this result fell short of the consensus estimate of $1.53 by $-0.74. E.P.S. were $10.61 for the latest four quarters through March 31 versus $2.23 for the same period a year ago — an increase of 376%.
Recent Price Action
Aptiv Plc (NYSE: APTV) stock closed at $77.79 on 5/2/24 after a major increase of 11.5%. Moreover, trading volume in this advance was exceptionally high at 338% of normal. The stock has risen 8.9% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
APTV is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Aptiv has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Aptiv has a good Appreciation Score of 84 but a very low Power Rating of 11, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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