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Should You Buy #1 (Strong Buy)-Ranked Aptiv PLC (APTV) for Your Portfolio?
Aptiv PLC was upgraded to the Zacks Rank #1 list on May 16, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Aptiv PLC is one of the leading global technology and mobility company which mainly serves the automotive sector. It is a designer and manufacturer of vehicle components as well as provider of electrical, electronic and safety technology solutions to the global automotive market. The company delivers end-to-end smart mobility solutions, active safety and autonomous driving technologies and provides enhanced user experience and connected services.
Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.34 to $6.01 per share. APTV also boasts an average earnings surprise of 12.2%.
Earnings are expected to grow 23.7% for the current fiscal year, while revenue is projected to increase 5.2%.
Even more impressive, APTV has gained in value over the past four weeks, up 18.7% compared to the S&P 500's gain of 5%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Aptiv PLC could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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