Delphi Automotive (NYSE:APTV) Coverage Initiated by Analysts at Royal Bank of Canada

Royal Bank of Canada initiated coverage on shares of Delphi Automotive (NYSE:APTV) in a report released on Monday, December 4th. The firm issued an outperform rating and a $60.00 price objective on the auto parts company’s stock.

APTV has been the subject of a number of other reports. BidaskClub raised shares of Delphi Automotive from a hold rating to a buy rating in a research note on Friday, September 22nd. Bank of America raised shares of Delphi Automotive from a neutral rating to a buy rating and set a $120.00 price target for the company in a research report on Monday, November 20th. KeyCorp increased their price target on shares of Delphi Automotive from $100.00 to $106.00 and gave the company a buy rating in a research report on Friday, October 13th. Robert W. Baird reissued an outperform rating and set a $128.00 price target (up from $110.00) on shares of Delphi Automotive in a research report on Thursday, September 28th. They noted that the move was a valuation call. Finally, Guggenheim started coverage on shares of Delphi Automotive in a report on Monday, November 27th. They set a buy rating and a $70.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $87.30.

Delphi Automotive (APTV) traded down $0.73 during midday trading on Monday, hitting $84.83. 884,818 shares of the stock were exchanged, compared to its average volume of 2,000,095. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $22,745.25, a PE ratio of 16.54, a PEG ratio of 1.66 and a beta of 1.39. Delphi Automotive has a 12-month low of $55.98 and a 12-month high of $89.66.

Delphi Automotive (NYSE:APTV) last posted its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.10. Delphi Automotive had a net margin of 8.00% and a return on equity of 57.92%. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same period in the prior year, the business posted $1.50 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. research analysts forecast that Delphi Automotive will post 4.74 earnings per share for the current year.

The company also recently disclosed a Not Available dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, February 2nd. Delphi Automotive’s payout ratio is 29.04%.

In other news, 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 price of $87.88 per share, for a total transaction of $1,977,300.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Frank J. Dellaquila acquired 1,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was purchased at an average price of $83.88 per share, for a total transaction of $83,880.00. The disclosure for this purchase can be found here. 0.31% of the stock is owned by company 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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