Delphi Automotive PLC (NYSE:DLPH) Rating Reiterated by Wells Fargo & Company
Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “outperform” rating reissued by Wells Fargo & Company in a report issued on Thursday. They currently have a $95.00 target price on the auto parts company’s stock. Wells Fargo & Company’s target price indicates a potential upside of 6.60% from the company’s previous close.
Several other research analysts also recently weighed in on DLPH. BidaskClub upgraded Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research note on Wednesday. Bank of America Corporation reiterated an “underperform” rating and issued a $90.00 target price (down from $95.00) on shares of Delphi Automotive PLC in a research note on Friday, June 16th. Raymond James Financial, Inc. began coverage on Delphi Automotive PLC in a research note on Thursday, June 15th. They issued an “outperform” rating and a $95.00 target price on the stock. Morgan Stanley lowered their target price on Delphi Automotive PLC from $80.00 to $78.00 and set an “underweight” rating on the stock in a research note on Friday, June 9th. Finally, Jefferies Group LLC lifted their target price on Delphi Automotive PLC from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, May 5th. 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 presently has a consensus rating of “Buy” and an average price target of $90.88.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded up 2.76% on Thursday, reaching $89.12. The company’s stock had a trading volume of 1,646,634 shares. Delphi Automotive PLC has a 1-year low of $58.97 and a 1-year high of $90.05. The company has a market capitalization of $23.87 billion, a price-to-earnings ratio of 20.76 and a beta of 1.38. 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 (NYSE:DLPH) last announced its earnings results on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.13. Delphi Automotive PLC had a return on equity of 62.09% and a net margin of 6.90%. The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the business posted $1.36 EPS. The company’s revenue was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that Delphi Automotive PLC will post $6.62 EPS for the current year.
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In other news, CFO Joseph R. Massaro sold 3,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $85.79, for a total value of $257,370.00. Following the completion of the transaction, the chief financial officer now directly owns 55,779 shares of the company’s stock, valued at $4,785,280.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David M. Sherbin sold 15,500 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $86.63, for a total value of $1,342,765.00. Following the completion of the transaction, the senior vice president now directly owns 70,766 shares of the company’s stock, valued at $6,130,458.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,449 shares of company stock valued at $1,770,497. Insiders own 0.32% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in DLPH. Fox Run Management L.L.C. bought a new position in Delphi Automotive PLC during the first quarter worth $209,000. Amica Retiree Medical Trust boosted its position in Delphi Automotive PLC by 58.7% in the first quarter. Amica Retiree Medical Trust now owns 2,880 shares of the auto parts company’s stock worth $232,000 after buying an additional 1,065 shares during the period. AXA boosted its position in Delphi Automotive PLC by 21.7% in the first quarter. AXA now owns 621,706 shares of the auto parts company’s stock worth $50,041,000 after buying an additional 111,016 shares during the period. Advantus Capital Management Inc boosted its position in Delphi Automotive PLC by 1.0% in the first quarter. Advantus Capital Management Inc now owns 27,059 shares of the auto parts company’s stock worth $2,178,000 after buying an additional 268 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Delphi Automotive PLC during the fourth quarter worth $15,258,000. 93.59% of the stock is owned by institutional investors.
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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