Delphi Automotive PLC Given “Overweight” Rating at Barclays (DLPH)
Delphi Automotive PLC (NASDAQ:DLPH)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Friday. They currently have a $87.00 price target on the stock, up from their previous price target of $85.00. Barclays’ target price suggests a potential upside of 30.24% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Delphi Automotive PLC from $76.00 to $77.00 in a research note on Tuesday, July 22nd. They now have an “overweight” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Delphi Automotive PLC in a research note on Friday, June 27th. They now have a $85.00 price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Delphi Automotive PLC from $78.00 to $84.00 in a research note on Tuesday, May 27th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Delphi Automotive PLC has an average rating of “Buy” and a consensus price target of $77.00.
Delphi Automotive PLC (NASDAQ:DLPH) traded up 0.58% on Friday, hitting $67.19. 1,694,379 shares of the company’s stock traded hands. Delphi Automotive PLC has a 1-year low of $53.07 and a 1-year high of $71.27. The stock’s 50-day moving average is $68.53 and its 200-day moving average is $66.66. The company has a market cap of $20.403 billion and a P/E ratio of 16.49.
Delphi Automotive PLC (NASDAQ:DLPH) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.33 by $0.09. The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Delphi Automotive PLC will post $5.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, August 11th.
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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