Goldman Sachs Group Inc. Reiterates “Buy” Rating for Delphi Automotive PLC (DLPH)
Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “buy” rating reaffirmed by Goldman Sachs Group Inc. in a research note issued on Saturday. They currently have a $77.00 target price on the stock, down from their prior target price of $81.00. Goldman Sachs Group Inc.’s price target would indicate a potential upside of 9.81% from the stock’s previous close.
DLPH has been the topic of several other reports. Robert W. Baird reiterated an “overweight” rating and set a $95.00 target price on shares of Delphi Automotive PLC in a research report on Monday, September 19th. Vetr downgraded Delphi Automotive PLC from a “buy” rating to a “hold” rating and set a $72.50 price objective on the stock. in a research report on Monday, August 29th. Zacks Investment Research downgraded Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research report on Tuesday. RBC Capital Markets restated an “outperform” rating and issued a $74.00 price objective (up from $70.00) on shares of Delphi Automotive PLC in a research report on Thursday, August 4th. Finally, Barclays PLC restated an “overweight” rating and issued a $85.00 price objective (down from $88.00) on shares of Delphi Automotive PLC in a research report on Tuesday, July 19th. 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 stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $84.54.
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 company’s 50-day moving average price is $69.51 and its 200 day moving average price is $68.99. The company 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 released its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.04. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.22 billion. Delphi Automotive PLC had a return on equity of 57.43% and a net margin of 8.11%. Delphi Automotive PLC’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share. On average, equities analysts expect that Delphi Automotive PLC will post $5.99 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 acquired a new position in Delphi Automotive PLC during the second quarter worth approximately $25,353,000. Douglas Lane & Associates LLC boosted its position in 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 in the last quarter. Strs Ohio boosted its position in 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 in the last quarter. Finally, Capital Fund Management S.A. boosted its position in 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 in the last quarter. 93.08% of the stock is currently 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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