Delphi Automotive PLC (DLPH) Stock Rating Lowered by Zacks Investment Research
Delphi Automotive PLC (NYSE:DLPH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
According to Zacks, “Delphi Automotive is one of the largest vehicle parts manufacturers in the world. Its capital deployment and regular acquisitions help boost shareholder value. However, production cuts in South America by some automakers are adversely affecting Delphi Automotive’s sales in the region. The company is also witnessing a decline in its cash balance. Nevertheless, Delphi Automotive expects higher revenues and earnings in 2016. Delphi Automotive has a positive record of earnings surprises in recent quarters.”
DLPH has been the subject of a number of other reports. Robert W. Baird reissued an “overweight” rating and issued a $95.00 price objective on shares of Delphi Automotive PLC in a research report on Monday, September 19th. Vetr lowered shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating and set a $72.50 target price on the stock. in a research note on Monday, August 29th. RBC Capital Markets restated an “outperform” rating and issued a $74.00 target price (up previously from $70.00) on shares of Delphi Automotive PLC in a research note on Thursday, August 4th. Piper Jaffray Cos. started coverage on shares of Delphi Automotive PLC in a research note on Thursday, June 9th. They issued an “overweight” rating and a $82.00 target price on the stock. Finally, Barclays PLC restated an “overweight” rating and issued a $85.00 target price (down previously from $88.00) on shares of Delphi Automotive PLC in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Delphi Automotive PLC has an average rating of “Buy” and a consensus price target of $84.54.
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Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 70.12 on Tuesday. The firm has a 50-day moving average price of $69.51 and a 200-day moving average price of $68.99. Delphi Automotive PLC has a one year low of $55.59 and a one year high of $88.89. The stock has a market cap of $19.13 billion, a price-to-earnings ratio of 15.30 and a beta of 1.39.
Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.04. The company earned $4.21 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Delphi Automotive PLC had a net margin of 8.11% and a return on equity of 57.43%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 EPS. Analysts anticipate that Delphi Automotive PLC will post $5.99 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in DLPH. Glenmede Trust Co. NA boosted its position in Delphi Automotive PLC by 6.0% in the first quarter. Glenmede Trust Co. NA now owns 8,863 shares of the company’s stock valued at $664,000 after buying an additional 502 shares during the period. Virginia Retirement System bought a new position in Delphi Automotive PLC during the first quarter valued at about $341,000. IFP Advisors Inc boosted its position in Delphi Automotive PLC by 405.2% in the first quarter. IFP Advisors Inc now owns 1,743 shares of the company’s stock valued at $131,000 after buying an additional 1,398 shares during the period. Prudential Financial Inc. boosted its position in Delphi Automotive PLC by 0.7% in the first quarter. Prudential Financial Inc. now owns 338,165 shares of the company’s stock valued at $25,370,000 after buying an additional 2,460 shares during the period. Finally, RMB Capital Management LLC boosted its position in Delphi Automotive PLC by 18.3% in the first quarter. RMB Capital Management LLC now owns 5,457 shares of the company’s stock valued at $409,000 after buying an additional 845 shares during the period. Institutional investors own 93.08% of the company’s stock.
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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