Delphi Automotive (APTV) Coverage Initiated by Analysts at Barclays

Barclays began coverage on shares of Delphi Automotive (NYSE:APTV) in a research report released on Wednesday morning. The brokerage issued an overweight rating and a $64.00 price target on the auto parts company’s stock.

A number of other brokerages have also weighed in on APTV. Goldman Sachs Group began coverage on Delphi Automotive in a research note on Tuesday. They set a buy rating and a $57.00 target price on the stock. Morgan Stanley began coverage on Delphi Automotive in a research note on Tuesday. They set an overweight rating and a $57.00 target price on the stock. Royal Bank Of Canada began coverage on Delphi Automotive in a research note on Monday. They set an outperform rating and a $60.00 target price on the stock. Bank of America increased their target price on Delphi Automotive from $95.00 to $110.00 and gave the stock a neutral rating in a research note on Tuesday, September 26th. Finally, Piper Jaffray Companies reiterated an overweight rating and set a $112.00 target price on shares of Delphi Automotive in a research note on Monday, September 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $88.77.

Delphi Automotive (NYSE:APTV) traded down $0.94 on Wednesday, hitting $84.42. The stock had a trading volume of 2,110,663 shares, compared to its average volume of 3,107,300. Delphi Automotive has a 52 week low of $85.18 and a 52 week high of $89.66. The firm has a market capitalization of $27,727.09, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.21 and a beta of 1.39. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.22 and a current ratio of 1.62.

Delphi Automotive (NYSE:APTV) last released its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.10. Delphi Automotive had a return on equity of 51.96% and a net margin of 9.37%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period last year, the firm posted $1.50 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. analysts forecast that Delphi Automotive will post 6.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were paid a dividend of $0.29 per share. The ex-dividend date was Tuesday, November 7th. This represents a $1.16 dividend on an annualized basis and a yield of 1.37%. Delphi Automotive’s dividend payout ratio (DPR) is presently 29.04%.

In other Delphi Automotive news, insider Kevin P. Clark bought 22,500 shares of Delphi Automotive stock in a transaction on Wednesday, December 6th. The shares were purchased at an average price of $87.88 per share, with a total value of $1,977,300.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas W. Sidlik sold 8,475 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $103.19, for a total value of $874,535.25. Following the completion of the sale, the director now directly owns 10,564 shares in the company, valued at approximately $1,090,099.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,975 shares of company stock worth $3,437,370. Corporate insiders own 0.31% of the company’s stock.

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About Delphi Automotive

Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.

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