10 Oversold Large Cap Stocks To Buy Now

7. Aptiv PLC (NYSE:APTV)

Market Cap: $16.4 billion

FWD PE Ratio: 11.32

YTD Share Price Decline: ~23% 

Number of Hedge Fund Holders: 38

Aptiv PLC (NYSE:APTV) is an auto components company that provides solutions for electrified, software-driven vehicles. It designs and manufactures essential vehicle components, specializing in electrical, electronic, and safety technologies.

It operates in two key segments: Signal and Power Solutions, which focuses on vehicle electrical architecture, and Advanced Safety and User Experience, which develops technologies for safety and autonomous driving. The company has nearly 140 manufacturing facilities and 11 technical centers worldwide, serving major automotive OEMs in over 50 countries.

Aptiv (NYSE:APTV) is actively investing in electrification, autonomous driving, and vehicle connectivity to stay competitive. Recently, Aptiv expanded its facility in Orgadam, Chennai, investing over $45 million to produce advanced cockpit controllers, radars, and electronic control units for both Indian and global markets, reinforcing its commitment to India’s automotive industry.

The analyst sentiment toward the company is quite positive as it has been covered by 24 analysts with an average price target of $89.50, representing an upside of nearly 28.5% on October 17. On September 20, The Fly reported that Wells Fargo upgraded Aptiv’s (NYSE:APTV) stock rating from Equal Weight to Overweight and raised its price target from $78 to $87.

The firm believes that after a period of slowed growth, the stock is now more attractively valued, making it a good investment opportunity. Wells Fargo highlighted its strong potential for increasing its gross margins and its improved valuation as key factors for the upgrade. Despite a reduction in growth pace, the firm expects the company to continue experiencing above-average growth compared to its competitors.