FMP
Aptiv PLC Lowers its 2021 Guidance
Oct 12, 2021 11:15 PM - Davit Kirakosyan
Image credit: FMP
Analysts at Berenberg Bank commented on Aptiv PLC (NYSE:APTV) lowered 2021 guidance, decreasing their price target on the company’s shares to $182 from $187, while reiterating their buy rating.
The company lowered 2021 revenue guidance from $16.1 billion-16.4 billion to $15.1 billion-15.5 billion and adjusted operating margins from 9.9-10.2% to 7.6-8.4% on lower vehicle production.
While the negative operating leverage on lower revenues is worse than the analysts anticipated, they believe the market has largely expected downward guidance revisions. In their view, the revision de-risks the upcoming earnings release and they would be buying on any share price weakness now that estimates have once again been re-based.
Other Blogs
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
P/E Ratios Using Normalized Earnings
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
What is Price To Earnings Ratio and How to Calculate it using Python
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
VMware Stock Drops 12% as China May Hold Up the Broadcom Acquisition
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...
