Delphi Automotive (APTV) Coverage Initiated at Evercore ISI
Stock analysts at Evercore ISI began coverage on shares of Delphi Automotive (NYSE:APTV) in a research note issued to investors on Wednesday. The firm set an “outperform” rating and a $92.00 price target on the auto parts company’s stock. Evercore ISI’s target price suggests a potential upside of 10.78% from the company’s current price.
A number of other brokerages also recently commented on APTV. Citigroup boosted their target price on shares of Delphi Automotive from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, October 2nd. UBS initiated coverage on shares of Delphi Automotive in a report on Wednesday, December 6th. They issued a “neutral” rating for the company. Wells Fargo & Company boosted their target price on shares of Delphi Automotive from $105.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. Barclays initiated coverage on shares of Delphi Automotive in a report on Wednesday, December 6th. They issued an “overweight” rating and a $64.00 target price for the company. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $112.00 target price on shares of Delphi Automotive in a report on Monday, September 25th. Three 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 company. The company currently has an average rating of “Buy” and an average target price of $88.24.
Shares of Delphi Automotive (APTV) traded down $0.51 during trading on Wednesday, reaching $83.05. 2,042,400 shares of the company’s stock were exchanged, compared to its average volume of 21,661,143. The company has a market capitalization of $22,213.57, a P/E ratio of 12.31, a PEG ratio of 1.51 and a beta of 1.39. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.62 and a quick ratio of 1.22. Delphi Automotive has a fifty-two week low of $5.58 and a fifty-two week high of $86.94.
Delphi Automotive (NYSE:APTV) last announced its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.10. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.10 billion. Delphi Automotive had a net margin of 8.00% and a return on equity of 57.92%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 earnings per share. equities research analysts predict that Delphi Automotive will post 5.07 EPS for the current year.
In related news, Director Thomas W. Sidlik sold 8,475 shares of the company’s stock in a transaction that occurred on 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 owns 10,564 shares in the company, valued at $1,090,099.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bernd Wiedemann sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $101.54, for a total value of $1,726,180.00. Following the completion of the sale, the director now owns 7,975 shares in the company, valued at approximately $809,781.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,975 shares of company stock worth $3,437,370. 0.31% of the stock is owned by insiders.
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.
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