Aptiv's stock performance falling behind the Dow Jones Industrial Average?
Aptiv PLC, a leading player in the advanced automotive solutions sector, has shown strong performance in recent times. The company, which specializes in electrification, connectivity, and autonomous driving, has been on an uptrend since early May, as indicated by its stock trading above both its 50-day and 200-day moving averages.
In the second quarter of 2022, Aptiv PLC reported a revenue of $5.2 billion, marking a 3.1% year-over-year growth. This growth was observed across both its Signal and Power Solutions and Advanced Safety and User Experience segments. The company's adjusted EPS for Q2 was $2.12, representing a 34.2% increase compared with the same quarter last year.
These impressive results have not gone unnoticed. Kritika Sarmah, an analyst for Aptiv PLC's stock at Deutsche Bank, has been actively following the company's progress. Despite not having positions in any of the securities mentioned in this article on the date of publication, Sarmah's mean price target of $87.82 implies an upswing potential of 5.7% from the prevailing market prices.
Aptiv PLC's strong performance is reflected in its stock's performance over the past year. The company's shares have increased 20.8% over the past 52 weeks, significantly outperforming the Dow Jones Industrial Average's 9.9% return over the same time frame. APTV has even outperformed its rival, Genuine Parts Company (GPC), which has dropped 1.7% over the past 52 weeks.
Moreover, APTV has recently touched its 52-week high of $84.72 on Sept. 15. Shares of Aptiv PLC have gained 20.2% over the past three months, with the Dow Jones Industrial Average (DOWI) rising 7.6% over the same time frame, indicating that Aptiv PLC has been significantly outperforming.
The positive sentiment towards Aptiv PLC is also reflected in its overall consensus rating. With 22 analysts covering the stock, Aptiv PLC currently has a "Moderate Buy" rating.
Based in Schaffhausen, Switzerland, Aptiv PLC operates in over 45 countries. As a large-cap technology company with a market capitalization of $18.1 billion, Aptiv PLC continues to make its mark in the global automotive industry.
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