5 Cheap Robotics Stocks to Buy Right Now

In this article, we will list the 5 Cheap Robotics Stocks to Buy Right Now. Please visit 10 Cheap Robotics Stocks to Buy Right Now if you would like to see the extended list and the methodology behind it.

5. Aptiv PLC (NYSE:APTV)

Stock Upside Potential: 30.11%

Forward P/E: 9.36

Number of Hedge Fund Holders: 53

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.

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. The research firm also sees positive developments in China.

Aptiv PLC (NYSE:APTV) is a global technology company that designs, develops, and manufactures hardware and software solutions for the automotive and commercial vehicle industries.