Delphi Automotive PLC (DLPH) Downgraded by BidaskClub
Delphi Automotive PLC (NYSE:DLPH) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
A number of other analysts also recently commented on DLPH. Vetr downgraded Delphi Automotive PLC from a “strong-buy” rating to a “buy” rating and set a $84.64 target price on the stock. in a research note on Monday, February 13th. Evercore ISI upped their price target on Delphi Automotive PLC from $86.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, March 13th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $88.00 price target on shares of Delphi Automotive PLC in a report on Wednesday, March 15th. Barclays PLC upped their price target on Delphi Automotive PLC from $87.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, March 15th. Finally, Royal Bank Of Canada increased their target price on Delphi Automotive PLC from $87.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, March 17th. Three analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $90.04.
Delphi Automotive PLC (DLPH) traded down 1.05% during midday trading on Tuesday, reaching $85.01. 2,363,449 shares of the company traded hands. The firm has a market capitalization of $22.77 billion, a price-to-earnings ratio of 19.81 and a beta of 1.26. Delphi Automotive PLC has a 12 month low of $58.04 and a 12 month high of $90.05. The firm’s 50 day moving average price is $86.32 and its 200 day moving average price is $76.85.
Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings results on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.13. The business had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.12 billion. Delphi Automotive PLC had a return on equity of 62.09% and a net margin of 6.90%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. On average, analysts expect that Delphi Automotive PLC will post $6.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, May 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.36%. Delphi Automotive PLC’s dividend payout ratio is currently 27.10%.
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In other news, SVP David M. Sherbin sold 15,500 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $86.63, for a total transaction of $1,342,765.00. Following the completion of the transaction, the senior vice president now directly owns 70,766 shares in the company, valued at $6,130,458.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sean O. Mahoney sold 1,949 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $87.41, for a total value of $170,362.09. Following the transaction, the director now owns 11,767 shares of the company’s stock, valued at $1,028,553.47. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Asset Management One Co. Ltd. boosted its stake in shares of Delphi Automotive PLC by 4.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 34,777 shares of the auto parts company’s stock valued at $2,342,000 after buying an additional 1,467 shares during the last quarter. Aviva PLC boosted its stake in shares of Delphi Automotive PLC by 6.0% in the fourth quarter. Aviva PLC now owns 178,055 shares of the auto parts company’s stock valued at $11,994,000 after buying an additional 10,133 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Delphi Automotive PLC by 188.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 12,100 shares of the auto parts company’s stock valued at $815,000 after buying an additional 7,900 shares during the last quarter. Elkfork Partners LLC bought a new stake in shares of Delphi Automotive PLC during the fourth quarter valued at about $594,000. Finally, Gabelli Funds LLC boosted its stake in shares of Delphi Automotive PLC by 207.6% in the fourth quarter. Gabelli Funds LLC now owns 101,500 shares of the auto parts company’s stock valued at $6,836,000 after buying an additional 68,500 shares during the last quarter. Institutional investors and hedge funds own 93.82% of the company’s stock.
About Delphi Automotive PLC
Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.
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