5 Undervalued Cyclical Stocks To Invest In According to Analysts

4. Aptiv PLC (NYSE:APTV)

PE ratio as of April 18: 6.65

Average Analyst Price Target Upside: 50.75%

Number of Hedge Fund Holders: 39

Aptiv PLC (NYSE:APTV) is a designer, manufacturer, and seller of vehicle components and operates through Signal and Power Solutions, and Advanced Safety and User Experience segments.

Aptiv PLC (NYSE:APTV) has a PE ratio of 6.65, as of April 18. In the past three months, the stock has received Buy ratings from 10 Wall Street analysts. As of April 18, the average price target of $104.38 has an upside of 50.75% from the last price of $69.24.

39 hedge funds held positions in Aptiv PLC (NYSE:APTV) and their stakes amounted to $1.242 billion in the fourth quarter of 2023. As of December 31, 2023, Ian Simm’s Impax Asset Management is the most dominant shareholder in the company and has a position worth $651.977 million.

ClearBridge Investments commented on Aptiv PLC (NYSE:APTV) in its fourth quarter 2023 investor letter:

“Stock selection in the consumer discretionary sector also weighed on performance. This included two of the portfolio’s top individual detractors in Hasbro and Aptiv PLC (NYSE:APTV). Similarly, Aptiv, a Tier 1 automotive parts supplier to global automakers, faced lingering pressure stemming from the United Auto Workers strike earlier in the year as well as a lull in electric vehicle orders. However, unlike Hasbro, we see these headwinds as transitory issues and believe the company is the market leader and exceptionally well-positioned to be a long-term beneficiary of the growth in EVs.”