Aptiv PLC (NYSE:APTV) is one of the cheap robotics stocks to buy right now.
On May 6, UBS reiterated a Buy rating on Aptiv PLC (NYSE:APTV) and an $80 price target, buoyed by the company’s solid first-quarter results
Copyright: zenstock / 123RF Stock Photo The better-than-expected results came as the company increasingly focuses on enabling devices and systems that sense, think, act, and optimize across all industries. The company delivered a 5% year-over-year increase in revenue to $5.1 billion, driven by 7% growth in North America and 7% growth in South America. Aptiv PLC also bounced back to profitability, reporting net income of $189 million and earnings per share of $0.88, compared with a net loss of $11 million, or $0.05 a share, delivered in the same quarter last year.
For the second quarter, the company expects net sales to range between $3.2 billion and $3.4 billion with net income of between $140 million and $180 million. For the full year, sales are expected to be between $12.8 billion and $13.2 billion, with net income between $830 and $910 million. According to UBS, Aptiv is well-positioned to meet its guidance and maintain its outlook despite cost pressures.