Delphi Automotive PLC’s (DLPH) Buy Rating Reiterated at Goldman Sachs Group Inc.
Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. in a research note issued on Saturday. They presently have a $77.00 target price on the stock, down from their previous target price of $81.00. Goldman Sachs Group Inc.’s target price would indicate a potential upside of 9.81% from the stock’s current price.
Several other brokerages also recently commented on DLPH. Credit Agricole SA restated a “buy” rating on shares of Delphi Automotive PLC in a research report on Wednesday, August 3rd. RBC Capital Markets restated an “outperform” rating and set a $74.00 price objective (up from $70.00) on shares of Delphi Automotive PLC in a research report on Thursday, August 4th. Barclays PLC decreased their price objective on shares of Delphi Automotive PLC from $85.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, August 4th. Seaport Global Securities started coverage on shares of Delphi Automotive PLC in a research report on Tuesday, August 9th. They set a “buy” rating and a $77.00 price objective on the stock. Finally, Robert W. Baird restated a “buy” rating on shares of Delphi Automotive PLC in a research report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $84.54.
Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 70.12 on Friday. Delphi Automotive PLC has a 52-week low of $55.59 and a 52-week high of $88.89. The firm’s 50-day moving average is $69.51 and its 200 day moving average is $68.99. The stock has a market capitalization of $19.13 billion, a price-to-earnings ratio of 15.30 and a beta of 1.39.
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Delphi Automotive PLC (NYSE:DLPH) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.04. The firm had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.22 billion. Delphi Automotive PLC had a net margin of 8.11% and a return on equity of 57.43%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $1.34 EPS. Equities analysts expect that Delphi Automotive PLC will post $5.99 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. PGGM Investments boosted its position in Delphi Automotive PLC by 580.6% in the second quarter. PGGM Investments now owns 629,529 shares of the company’s stock worth $39,409,000 after buying an additional 537,033 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in shares of Delphi Automotive PLC during the second quarter worth $25,353,000. Douglas Lane & Associates LLC raised its stake in shares of Delphi Automotive PLC by 3.9% in the second quarter. Douglas Lane & Associates LLC now owns 834,693 shares of the company’s stock worth $52,252,000 after buying an additional 31,716 shares during the last quarter. Strs Ohio raised its stake in shares of Delphi Automotive PLC by 5.8% in the second quarter. Strs Ohio now owns 971,252 shares of the company’s stock worth $60,800,000 after buying an additional 53,559 shares during the last quarter. Finally, Capital Fund Management S.A. raised its stake in shares of Delphi Automotive PLC by 90.6% in the second quarter. Capital Fund Management S.A. now owns 402,270 shares of the company’s stock worth $25,182,000 after buying an additional 191,199 shares during the last quarter. 93.08% of the stock is owned by hedge funds and other institutional investors.
Delphi Automotive PLC Company Profile
Delphi Automotive PLC is a vehicle components manufacturer. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It serves automotive and commercial vehicle markets. Its Electrical/Electronic Architecture segment includes electrical architecture and component products.
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