Delphi Automotive PLC (DLPH) Given Buy Rating at KeyCorp
Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “buy” rating restated by investment analysts at KeyCorp in a research report issued to clients and investors on Sunday. They currently have a $100.00 target price on the auto parts company’s stock. KeyCorp’s target price would suggest a potential downside of 0.19% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Morgan Stanley reduced their price objective on Delphi Automotive PLC from $80.00 to $78.00 and set an “underweight” rating for the company in a research report on Friday, June 9th. Deutsche Bank AG reissued a “buy” rating and issued a $107.00 target price (up previously from $99.00) on shares of Delphi Automotive PLC in a report on Wednesday, August 9th. BidaskClub raised Delphi Automotive PLC from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. BMO Capital Markets lifted their target price on Delphi Automotive PLC from $104.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $95.00 price target on shares of Delphi Automotive PLC in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $94.53.
Delphi Automotive PLC (DLPH) opened at 100.19 on Friday. The company has a 50 day moving average price of $94.36 and a 200-day moving average price of $86.35. Delphi Automotive PLC has a 1-year low of $60.50 and a 1-year high of $100.50. The firm has a market capitalization of $26.74 billion, a price-to-earnings ratio of 21.20 and a beta of 1.35.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.06. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the business posted $1.59 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that Delphi Automotive PLC will post $6.69 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 that occurred on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Vos Glen W. De sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $91.35, for a total transaction of $191,835.00. Following the sale, the senior vice president now owns 22,994 shares of the company’s stock, valued at approximately $2,100,501.90. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Global X Management Co. LLC increased its holdings in Delphi Automotive PLC by 9.7% in the 2nd quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock valued at $113,000 after purchasing an additional 114 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Delphi Automotive PLC by 10.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 125 shares during the last quarter. Assetmark Inc. increased its holdings in Delphi Automotive PLC by 3.1% in the 1st quarter. Assetmark Inc. now owns 1,520 shares of the auto parts company’s stock valued at $122,000 after purchasing an additional 46 shares during the last quarter. Advisory Services Network LLC increased its holdings in Delphi Automotive PLC by 1,248.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock valued at $122,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Delphi Automotive PLC in the 1st quarter valued at approximately $126,000. Hedge funds and other institutional investors own 90.10% 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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