Opinions
Ashley Misquitta, CFA
Aptiv PLC
APTV-N
PAST TOP PICK
Oct 16, 2019
Stock price when the opinion was issued
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APTV looks to bring greater safety and inter-connectivity to the vehicle mobility space. We like that cash reserves are growing, while debt is retired and shares bought back. It trades at 14x earnings, under 2x book and supports a 28% ROE. We recommend setting a stop-loss at $67.50, looking to achieve $104 — upside potential of 30%. Yield 0%
(Analysts’ price target is $104.41)We reiterate APTV, manufacturer of electrical systems bringing greater safety and inter-connectivity to the vehicle mobility space, as a TOP PICK. Recently reported operating income increased 24% over the year. The company is prudently using some cash reserves to aggressively buy back shares and retire debt. We continue to recommend a stop at $67.50, looking to achieve $102 -- upside potential of 21%. Yield 0%
(Analysts’ price target is $101.64)
(A Top Pick Oct 22/18, Up 21%) Well-positioned as a leader in self-driving cars. They have a deal with Lyft to provide such rides. Generate a lot of cash which they return to shareholders. Well-managed.