Delphi Automotive (APTV) Coverage Initiated at Goldman Sachs Group

Equities research analysts at Goldman Sachs Group assumed coverage on shares of Delphi Automotive (NYSE:APTV) in a report issued on Tuesday. The firm set a “buy” rating and a $57.00 price target on the auto parts company’s stock. Goldman Sachs Group’s target price suggests a potential downside of 33.22% from the stock’s previous close.

APTV has been the subject of a number of other research reports. Citigroup upped their target price on Delphi Automotive from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. UBS reaffirmed a “buy” rating and set a $102.00 target price on shares of Delphi Automotive in a research report on Thursday, September 28th. Piper Jaffray Companies set a $112.00 target price on Delphi Automotive and gave the stock a “buy” rating in a research report on Friday, August 11th. Wells Fargo & Company upped their target price on Delphi Automotive from $105.00 to $109.00 and gave the stock an “outperform” rating in a research report on Friday, September 29th. Finally, KeyCorp reaffirmed a “buy” rating and set a $100.00 target price on shares of Delphi Automotive in a research report on Sunday, September 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Delphi Automotive has a consensus rating of “Buy” and a consensus target price of $88.77.

Shares of Delphi Automotive (NYSE APTV) opened at $85.36 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.22 and a current ratio of 1.62. The stock 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. Delphi Automotive has a twelve month low of $85.18 and a twelve month high of $89.66.

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

In other news, insider Kevin P. Clark bought 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average price of $87.88 per share, with a total value of $1,977,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bernd Wiedemann sold 17,000 shares of Delphi Automotive 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 directly 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 90 days, insiders have sold 33,975 shares of company stock worth $3,437,370. Company 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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