Delphi Automotive (APTV) Now Covered by Morgan Stanley

Research analysts at Morgan Stanley assumed coverage on shares of Delphi Automotive (NYSE:APTV) in a research report issued to clients and investors on Tuesday. The brokerage set an “underweight” rating and a $64.00 price target on the auto parts company’s stock. Morgan Stanley’s price objective suggests a potential downside of 25.02% from the stock’s current price.

APTV has been the subject of a number of other research reports. BidaskClub raised shares of Delphi Automotive from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Goldman Sachs Group initiated coverage on shares of Delphi Automotive in a research report on Tuesday. They issued a “buy” rating and a $57.00 target price for the company. Bank of America raised Delphi Automotive from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Monday, November 20th. KeyCorp boosted their price target on Delphi Automotive from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $128.00 price target (up previously from $110.00) on shares of Delphi Automotive in a research note on Thursday, September 28th. They noted that the move was a valuation call. Two investment 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’s stock. Delphi Automotive currently has an average rating of “Buy” and a consensus target price of $88.77.

Shares of Delphi Automotive (NYSE APTV) opened at $85.36 on Tuesday. The stock has a market cap of $27,727.09, a PE ratio of 15.36, a PEG ratio of 1.21 and a beta of 1.39. Delphi Automotive has a 52-week low of $85.18 and a 52-week high of $89.66. 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 (NYSE:APTV) last announced its 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. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Delphi Automotive had a net margin of 9.37% and a return on equity of 51.96%. Delphi Automotive’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 earnings per share. sell-side analysts forecast that Delphi Automotive will post 6.77 EPS for the current year.

In other Delphi Automotive news, insider Kevin P. Clark bought 22,500 shares of the stock in a transaction on Wednesday, December 6th. The stock was purchased at an average price of $87.88 per share, with a total value of $1,977,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary L. Cowger sold 8,500 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $98.43, for a total value of $836,655.00. Following the transaction, the director now directly owns 29,960 shares of the company’s stock, valued at approximately $2,948,962.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,975 shares of company stock valued at $3,437,370. Insiders own 0.31% of the company’s stock.

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About Delphi Automotive

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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