Valued at $17.9 billion, Aptiv Plc (APTV) is a technology company serving transportation, aerospace and defense, telecommunications, and industrial markets. Since Trend Seeker signaled a "Buy" on Aug. 13, the stock has gained 10.1%, writes Jim Van Meerten, analyst at Barchart.
Aptiv has a weighted alpha of +32.1 and a 100% “Buy” opinion from Barchart. It’s trading above its 20-, 50-, and 100-day moving averages, it made 13 new highs and gained 22.2% in the last month, and its Relative Strength Index (RSI) is at 69.2%. There is also a technical support level around $80.42.
Don’t forget the fundamentals, either: Revenue is expected to grow 2.1% this year and another 4.2% next year. Earnings are projected to increase 19.6% this year and an additional 9% next year.
APTV Price vs. Daily Moving Averages
Meanwhile, Wall Street analysts tracked by Barchart have issued the following opinions on the stock: 12 “Strong Buys,” one “Moderate Buy,” eight “Holds,” and one “Sell.” Their price targets are between $60-$97.
Value Line gives the stock its “Most Timely” rating with a price target of $71. CFRA’s MarketScope Advisor rates it a “Strong Buy” with a price target of $95. Morningstar thinks the stock is 9% undervalued with a fair value of $89.20 and comments: “This company has a robust ability to generate sales without much capital investment, freeing up more capital to be returned to shareholders in the long run. We believe this is a sign that shares could be undervalued.”
Recommended Action: Buy APTV.
