Stock analysts at Barclays initiated coverage on shares of Delphi Automotive (NYSE:DLPH) in a research note issued on Wednesday, The Fly reports. The firm set an “overweight” rating on the auto parts company’s stock.

Other analysts have also issued research reports about the stock. Goldman Sachs Group assumed coverage on shares of Delphi Automotive in a research report on Tuesday. They set a “buy” rating and a $57.00 price target on the stock. Morgan Stanley began coverage on shares of Delphi Automotive in a research report on Tuesday. They set an “overweight” rating and a $57.00 price target on the stock. UBS began coverage on shares of Delphi Automotive in a research report on Wednesday. They issued a “neutral” rating on the stock. Bank of America began coverage on shares of Delphi Automotive in a research report on Wednesday. They issued a “neutral” rating on the stock. Finally, Robert W. Baird restated an “outperform” rating and issued a $128.00 target price (up previously 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Delphi Automotive presently has an average rating of “Buy” and an average price target of $95.45.

Shares of Delphi Automotive (NYSE:DLPH) opened at $56.50 on Wednesday. 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 stock has a market cap of $27,727.09, a P/E ratio of 15.36, a P/E/G ratio of 1.21 and a beta of 1.39. Delphi Automotive has a 52-week low of $30.96 and a 52-week high of $57.25.

Delphi Automotive (NYSE:DLPH) last posted its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 8.00% and a return on equity of 57.92%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. analysts forecast that Delphi Automotive will post 6.77 earnings per share for the current fiscal year.

In other news, Director Bernd Wiedemann sold 17,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $101.54, for a total transaction of $1,726,180.00. Following the completion of the transaction, the director now owns 7,975 shares of the company’s stock, valued at $809,781.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction 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. Insiders have sold 33,975 shares of company stock valued at $3,437,370 in the last ninety days. Insiders own 0.31% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in DLPH. Global X Management Co. LLC raised its stake in Delphi Automotive by 9.7% during the second quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock worth $113,000 after buying an additional 114 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Delphi Automotive by 10.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock worth $115,000 after buying an additional 125 shares during the last quarter. Advisory Services Network LLC raised its stake in Delphi Automotive by 1,248.5% during the second quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock worth $122,000 after buying an additional 1,286 shares during the last quarter. BB&T Investment Services Inc. bought a new position in Delphi Automotive during the second quarter worth $127,000. Finally, Pinebridge Investments L.P. raised its stake in Delphi Automotive by 61.0% during the second quarter. Pinebridge Investments L.P. now owns 1,861 shares of the auto parts company’s stock worth $164,000 after buying an additional 705 shares during the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for Delphi Automotive (NYSE:DLPH)

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