Delphi Automotive PLC (DLPH) Receives Average Recommendation of “Buy” from Brokerages
Delphi Automotive PLC (NYSE:DLPH) has been given an average recommendation of “Buy” by the eighteen research firms that are presently covering the stock. One investment 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. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $83.62.
Several research analysts have issued reports on the stock. Robert W. Baird reaffirmed an “overweight” rating and issued a $95.00 target price on shares of Delphi Automotive PLC in a report on Monday, September 19th. Zacks Investment Research cut shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Vetr cut shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating and set a $72.50 target price for the company. in a report on Monday, August 29th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $74.00 target price (up from $70.00) on shares of Delphi Automotive PLC in a report on Thursday, August 4th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $85.00 target price (down from $88.00) on shares of Delphi Automotive PLC in a report on Tuesday, July 19th.
Delphi Automotive PLC (NYSE:DLPH) traded down 2.53% on Tuesday, reaching $64.74. 2,064,554 shares of the company traded hands. The stock’s 50-day moving average is $69.47 and its 200-day moving average is $68.69. Delphi Automotive PLC has a 1-year low of $55.59 and a 1-year high of $88.89. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 14.12 and a beta of 1.39.
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Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.04. Delphi Automotive PLC had a net margin of 8.11% and a return on equity of 57.43%. The company earned $4.21 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period last year, the company posted $1.34 EPS. Delphi Automotive PLC’s revenue was up 9.0% on a year-over-year basis. Equities research analysts expect that Delphi Automotive PLC will post $5.99 EPS for the current year.
Several institutional investors have recently bought and sold shares of DLPH. Emerald Acquisition Ltd. purchased a new position in Delphi Automotive PLC during the second quarter worth $151,586,000. Tesco Pension Investment Ltd purchased a new position in Delphi Automotive PLC during the third quarter worth $147,140,000. Lazard Asset Management LLC raised its position in Delphi Automotive PLC by 92.8% in the first quarter. Lazard Asset Management LLC now owns 4,031,474 shares of the company’s stock worth $302,441,000 after buying an additional 1,940,448 shares during the last quarter. Alliancebernstein L.P. raised its position in Delphi Automotive PLC by 38.9% in the second quarter. Alliancebernstein L.P. now owns 4,497,033 shares of the company’s stock worth $281,514,000 after buying an additional 1,258,424 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Delphi Automotive PLC by 49.0% in the second quarter. Franklin Resources Inc. now owns 3,359,570 shares of the company’s stock worth $210,321,000 after buying an additional 1,104,766 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.
About Delphi Automotive PLC
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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