Delphi Automotive (APTV) Raised to Buy at Bank of America

Delphi Automotive (NYSE:APTV) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued on Monday, November 20th, reports. The brokerage presently has a $120.00 target price on the auto parts company’s stock. Bank of America’s price target would suggest a potential upside of 40.58% from the company’s current price.

A number of other analysts have also weighed in on the stock. Piper Jaffray Companies reiterated an “overweight” rating and set a $112.00 target price on shares of Delphi Automotive in a report on Monday, September 25th. Cowen began coverage on shares of Delphi Automotive in a research note on Monday, September 25th. They issued an “outperform” rating and a $120.00 price target for the company. BidaskClub raised shares of Delphi Automotive from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. KeyCorp reaffirmed a “buy” rating and set a $100.00 target price on shares of Delphi Automotive in a research note on Sunday, September 17th. Finally, UBS downgraded shares of Delphi Automotive from a “buy” rating to a “neutral” rating and set a $102.00 target price for the company. in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $88.77.

Delphi Automotive (NYSE:APTV) traded down $3.41 during trading on Monday, hitting $85.36. 2,613,103 shares of the stock traded hands, compared to its average volume of 3,067,600. The company has a market capitalization of $27,727.09, a PE ratio of 15.36, a P/E/G ratio of 1.21 and a beta of 1.39. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 1.35. Delphi Automotive has a 52-week low of $85.18 and a 52-week high of $89.66.

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

In related news, Director Thomas W. Sidlik sold 8,475 shares of the stock in a transaction on Monday, September 25th. The shares were sold at an average price of $103.19, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin P. Clark acquired 22,500 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were bought 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. Over the last three months, insiders sold 33,975 shares of company stock valued at $3,437,370. 0.31% of the stock is owned by corporate 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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