A number of other analysts have also weighed in on the stock. BidaskClub upgraded shares of Delphi Automotive from a hold rating to a buy rating in a research note on Friday, September 22nd. Morgan Stanley started coverage on shares of Delphi Automotive in a research note on Tuesday. They issued an underweight rating and a $64.00 price objective on the stock. Goldman Sachs Group started coverage on shares of Delphi Automotive in a research note on Tuesday. They issued a buy rating and a $57.00 price objective on the stock. Bank of America upgraded shares of Delphi Automotive from a neutral rating to a buy rating and set a $120.00 price objective on the stock in a research note on Monday, November 20th. Finally, KeyCorp increased their price objective on shares of Delphi Automotive from $100.00 to $106.00 and gave the stock a buy rating in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Delphi Automotive has a consensus rating of Buy and an average price target of $88.77.
Shares of Delphi Automotive (NYSE:APTV) traded down $0.94 during trading on Wednesday, reaching $84.42. 2,110,663 shares of the company’s stock were exchanged, compared to its average volume of 3,107,300. 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 twelve month low of $85.18 and a twelve month high of $89.66. The firm 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.
Delphi Automotive (NYSE:APTV) last issued its quarterly earnings results 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 net margin of 9.37% and a return on equity of 51.96%. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the prior year, the business posted $1.50 EPS. Delphi Automotive’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities research analysts anticipate that Delphi Automotive will post 6.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, November 7th. Delphi Automotive’s dividend payout ratio (DPR) is presently 29.04%.
In related news, Director Bernd Wiedemann sold 17,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $101.54, for a total transaction of $1,726,180.00. Following the sale, the director now directly owns 7,975 shares of the company’s stock, valued at $809,781.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin P. Clark purchased 22,500 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased at an average cost of $87.88 per share, for a total transaction of $1,977,300.00. The disclosure for this purchase can be found here. Insiders have sold 33,975 shares of company stock worth $3,437,370 over the last three months. 0.31% of the stock is currently owned by insiders.
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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.
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