Delphi Automotive (APTV) Coverage Initiated by Analysts at Goldman Sachs Group

Goldman Sachs Group began coverage on shares of Delphi Automotive (NYSE:APTV) in a research report sent to investors on Tuesday morning. The firm issued a buy rating and a $57.00 target price on the auto parts company’s stock.

Other research analysts have also issued research reports about the company. Robert W. Baird reiterated an outperform rating and set a $128.00 target price (up previously from $110.00) on shares of Delphi Automotive in a research report on Thursday, September 28th. They noted that the move was a valuation call. Piper Jaffray Companies set a $112.00 price objective on Delphi Automotive and gave the company a buy rating in a report on Friday, August 11th. Cowen began coverage on Delphi Automotive in a report on Monday, September 25th. They issued an outperform rating and a $120.00 price objective on the stock. BidaskClub upgraded Delphi Automotive from a hold rating to a buy rating in a report on Friday, September 22nd. Finally, Royal Bank Of Canada restated a buy rating on shares of Delphi Automotive in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $88.77.

Shares of Delphi Automotive (NYSE APTV) traded down $0.12 during trading hours on Tuesday, hitting $88.77. The stock had a trading volume of 3,522,100 shares, compared to its average volume of 3,908,031. Delphi Automotive has a 52-week low of $86.16 and a 52-week high of $89.66. The stock has a market cap of $27,727.09, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 1.21 and a beta of 1.39. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 1.35.

Delphi Automotive (NYSE:APTV) last announced its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. Delphi Automotive had a return on equity of 51.96% and a net margin of 9.37%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the firm posted $1.50 EPS. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, November 7th. Delphi Automotive’s payout ratio is 22.61%.

In related news, Director Gary L. Cowger sold 8,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $98.43, for a total transaction of $836,655.00. Following the completion of the sale, the director now directly owns 29,960 shares of the company’s stock, valued at approximately $2,948,962.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas W. Sidlik sold 8,475 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $103.19, for a total value of $874,535.25. Following the sale, the director now directly owns 10,564 shares of the company’s stock, valued at $1,090,099.16. The disclosure for this sale can be found here. Insiders have sold a total of 33,975 shares of company stock valued at $3,437,370 over the last three months. Corporate insiders own 0.31% of the company’s stock.

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Delphi Automotive Company Profile

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.

Analyst Recommendations for Delphi Automotive (NYSE:APTV)

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