Delphi Automotive (APTV) Earns Outperform Rating from Analysts at Robert W. Baird

Equities research analysts at Robert W. Baird began coverage on shares of Delphi Automotive (NYSE:APTV) in a report issued on Wednesday, November 22nd. The firm set an “outperform” rating and a $61.00 price target on the auto parts company’s stock. Robert W. Baird’s price objective indicates a potential downside of 27.71% from the company’s previous close.

A number of other analysts have also issued reports on APTV. BidaskClub lowered shares of Delphi Automotive from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Deutsche Bank raised their target price on shares of Delphi Automotive from $99.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. BMO Capital Markets raised their target price on shares of Delphi Automotive from $104.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Piper Jaffray Companies set a $112.00 target price on shares of Delphi Automotive and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, KeyCorp restated a “buy” rating and set a $100.00 target price on shares of Delphi Automotive in a research report on Sunday, September 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Delphi Automotive presently has a consensus rating of “Buy” and an average price target of $88.77.

Delphi Automotive (APTV) traded down $0.98 during mid-day trading on Wednesday, hitting $84.38. 2,924,123 shares of the stock traded hands, compared to its average volume of 3,046,233. The firm has a market capitalization of $27,727.09, a price-to-earnings ratio of 15.36, a PEG ratio of 1.21 and a beta of 1.39. Delphi Automotive has a twelve month low of $83.87 and a twelve month high of $89.66. 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 released its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.56 by $0.10. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.10 billion. Delphi Automotive had a net margin of 9.37% and a return on equity of 51.96%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 earnings per share. sell-side analysts expect that Delphi Automotive will post 6.77 EPS for the current year.

In other news, Director Gary L. Cowger sold 8,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $98.43, for a total value of $836,655.00. Following the transaction, the director now owns 29,960 shares of the company’s stock, valued at approximately $2,948,962.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin P. Clark bought 22,500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was acquired 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. In the last ninety days, insiders have sold 33,975 shares of company stock worth $3,437,370. 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.

Analyst Recommendations for Delphi Automotive (NYSE:APTV)

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