Delphi Automotive PLC Receives “Buy” Rating from Deutsche Bank (DLPH)
Delphi Automotive PLC (NASDAQ:DLPH)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Wednesday, Stock Ratings News reports. They currently have a $75.00 price objective on the stock. Deutsche Bank’s price target would indicate a potential upside of 25.04% from the company’s current price.
Delphi Automotive PLC (NASDAQ:DLPH) traded up 1.62% during mid-day trading on Wednesday, hitting $60.98. The stock had a trading volume of 2,607,908 shares. Delphi Automotive PLC has a one year low of $37.46 and a one year high of $63.42. The stock has a 50-day moving average of $60.48 and a 200-day moving average of $57.70. The company has a market cap of $18.765 billion and a P/E ratio of 17.95.
Delphi Automotive PLC (NASDAQ:DLPH) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.07. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the company posted $0.90 earnings per share. Delphi Automotive PLC’s revenue was up 11.0% compared to the same quarter last year. On average, analysts predict that Delphi Automotive PLC will post $4.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 27th. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Thursday, February 13th. This is a positive change from Delphi Automotive PLC’s previous quarterly dividend of $0.17.
In other Delphi Automotive PLC news, Director Lawrence Zimmerman sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $61.00, for a total value of $122,000.00. Following the completion of the transaction, the director now directly owns 25,699 shares in the company, valued at approximately $1,567,639. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley reiterated a “positive” rating on shares of Delphi Automotive PLC in a research note to investors on Wednesday. Separately, analysts at Robert W. Baird raised their price target on shares of Delphi Automotive PLC from $62.00 to $66.00 in a research note to investors on Wednesday. Finally, analysts at TheStreet upgraded shares of Delphi Automotive PLC to a “buy” rating in a research note to investors on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Delphi Automotive PLC has an average rating of “Buy” and a consensus target price of $63.10.
Delphi Automotive PLC (NASDAQ:DLPH) is a global vehicle components manufacturer and provides electrical and electronic, powertrain, safety and thermal technology solutions to the global automotive and commercial vehicle markets.
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