Research analysts at Morgan Stanley began coverage on shares of Delphi Automotive (NYSE:DLPH) in a report issued on Tuesday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $57.00 price target on the auto parts company’s stock. Morgan Stanley’s price target points to a potential downside of 45.35% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Citigroup upped their price objective on shares of Delphi Automotive from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. UBS reissued a “buy” rating and set a $102.00 target price on shares of Delphi Automotive in a research report on Thursday, September 28th. Jefferies Group increased their target price on shares of Delphi Automotive to $118.00 and gave the stock a “buy” rating in a research report on Thursday, September 28th. 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, Deutsche Bank reissued a “buy” rating and set a $107.00 target price (up previously from $99.00) on shares of Delphi Automotive in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $95.45.

Delphi Automotive (NYSE DLPH) traded up $0.79 during midday trading on Tuesday, hitting $104.30. 2,735,000 shares of the stock were exchanged, compared to its average volume of 1,861,074. Delphi Automotive has a one year low of $63.46 and a one year high of $104.99. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.22 and a current ratio of 1.62. The firm has a market cap of $13,510.00 and a P/E ratio of 15.24.

Delphi Automotive (NYSE:DLPH) last posted its quarterly earnings data 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 net margin of 8.00% and a return on equity of 57.92%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the prior year, the company posted $1.50 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. analysts expect that Delphi Automotive will post 6.77 EPS for the current fiscal year.

In other Delphi Automotive news, Director Bernd Wiedemann sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $101.54, for a total value of $1,726,180.00. Following the completion of the transaction, the director now owns 7,975 shares in the company, valued at approximately $809,781.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary L. Cowger sold 8,500 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $98.43, for a total value of $836,655.00. Following the completion of the transaction, the director now 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 90 days, insiders sold 33,975 shares of company stock valued at $3,437,370. 0.31% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLPH. US Bancorp DE boosted its stake in shares of Delphi Automotive by 64.6% during the 2nd quarter. US Bancorp DE now owns 4,924 shares of the auto parts company’s stock valued at $431,000 after buying an additional 1,933 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Delphi Automotive by 1,265.2% during the 2nd quarter. Acadian Asset Management LLC now owns 21,352 shares of the auto parts company’s stock valued at $1,871,000 after buying an additional 19,788 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Delphi Automotive by 4,282.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 26,295 shares of the auto parts company’s stock valued at $300,000 after buying an additional 25,695 shares during the last quarter. Telemus Capital LLC purchased a new position in shares of Delphi Automotive during the 2nd quarter valued at approximately $201,000. Finally, IFP Advisors Inc boosted its stake in shares of Delphi Automotive by 44.6% during the 2nd quarter. IFP Advisors Inc now owns 2,065 shares of the auto parts company’s stock valued at $181,000 after buying an additional 637 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

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About Delphi Automotive

Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.

Analyst Recommendations for Delphi Automotive (NYSE:DLPH)

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