Royal Bank Of Canada Reiterates Buy Rating for Delphi Automotive PLC (DLPH)
Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “buy” rating reissued by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They currently have a $95.00 target price on the auto parts company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 6.60% from the stock’s current price.
A number of other research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Delphi Automotive PLC from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, April 11th. Deutsche Bank AG raised their target price on shares of Delphi Automotive PLC from $88.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, March 22nd. Barclays PLC reaffirmed a “buy” rating on shares of Delphi Automotive PLC in a research report on Friday, May 5th. BMO Capital Markets decreased their target price on shares of Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating for the company in a research report on Friday, May 5th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $107.00 target price on shares of Delphi Automotive PLC in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Delphi Automotive PLC has a consensus rating of “Buy” and a consensus target price of $90.88.
Shares of Delphi Automotive PLC (DLPH) traded up 2.76% during midday trading on Friday, reaching $89.12. 1,646,634 shares of the company were exchanged. The stock has a 50-day moving average price of $86.60 and a 200 day moving average price of $78.12. Delphi Automotive PLC has a 52-week low of $58.97 and a 52-week high of $90.05. The company has a market capitalization of $23.87 billion, a P/E ratio of 20.76 and a beta of 1.38.
Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.13. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.12 billion. Delphi Automotive PLC had a net margin of 6.90% and a return on equity of 62.09%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 earnings per share. Equities research analysts expect that Delphi Automotive PLC will post $6.62 EPS for the current fiscal year.
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In other news, CFO Joseph R. Massaro sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $85.79, for a total transaction of $257,370.00. Following the completion of the sale, the chief financial officer now owns 55,779 shares in the company, valued at approximately $4,785,280.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sean O. Mahoney sold 1,949 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $87.41, for a total transaction of $170,362.09. Following the sale, the director now owns 11,767 shares of the company’s stock, valued at approximately $1,028,553.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,449 shares of company stock valued at $1,770,497. 0.32% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of DLPH. BlackRock Inc. boosted its stake in Delphi Automotive PLC by 2,138.9% in the first quarter. BlackRock Inc. now owns 16,893,002 shares of the auto parts company’s stock worth $1,359,718,000 after buying an additional 16,138,486 shares in the last quarter. Harris Associates L P acquired a new stake in shares of Delphi Automotive PLC during the first quarter valued at $180,826,000. OppenheimerFunds Inc. boosted its stake in shares of Delphi Automotive PLC by 72.5% in the first quarter. OppenheimerFunds Inc. now owns 2,143,459 shares of the auto parts company’s stock valued at $172,527,000 after buying an additional 900,514 shares during the period. Vanguard Group Inc. boosted its stake in shares of Delphi Automotive PLC by 3.2% in the first quarter. Vanguard Group Inc. now owns 21,456,887 shares of the auto parts company’s stock valued at $1,727,065,000 after buying an additional 667,244 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Delphi Automotive PLC by 3.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 16,841,567 shares of the auto parts company’s stock valued at $1,355,577,000 after buying an additional 552,921 shares during the period. Institutional investors own 93.59% 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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