Delphi Automotive PLC’s (DLPH) Overweight Rating Reiterated at Piper Jaffray Companies
Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “overweight” rating reissued by investment analysts at Piper Jaffray Companies in a research note issued on Monday. They presently have a $112.00 price target on the auto parts company’s stock. Piper Jaffray Companies’ price target points to a potential upside of 8.97% from the stock’s current price.
Several other research firms have also issued reports on DLPH. Cowen and Company began coverage on Delphi Automotive PLC in a report on Monday. They set an “outperform” rating and a $120.00 target price on the stock. BidaskClub upgraded Delphi Automotive PLC from a “hold” rating to a “buy” rating in a report on Friday. KeyCorp reiterated a “buy” rating and set a $100.00 target price on shares of Delphi Automotive PLC in a report on Sunday, September 17th. Deutsche Bank AG reiterated a “buy” rating and set a $107.00 target price (up previously from $99.00) on shares of Delphi Automotive PLC in a report on Wednesday, August 9th. Finally, BMO Capital Markets upped 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Delphi Automotive PLC presently has a consensus rating of “Buy” and an average price target of $95.74.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded up 0.27% on Monday, hitting $103.06. The company had a trading volume of 1,351,430 shares. The firm has a 50 day moving average of $94.96 and a 200-day moving average of $86.83. The firm has a market capitalization of $27.50 billion, a P/E ratio of 21.81 and a beta of 1.35. Delphi Automotive PLC has a 12-month low of $60.50 and a 12-month high of $103.61.
Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. Delphi Automotive PLC’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that Delphi Automotive PLC will post $6.69 EPS for the current year.
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In other news, SVP Vos Glen W. De sold 2,100 shares of the 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 transaction, the senior vice president now owns 22,994 shares in the company, valued at $2,100,501.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Global X Management Co. LLC increased its stake in shares of Delphi Automotive PLC by 9.7% during the second quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock worth $113,000 after purchasing an additional 114 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Delphi Automotive PLC by 10.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 125 shares during the period. Advisory Services Network LLC increased its stake in shares of Delphi Automotive PLC by 1,248.5% during the second quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 1,286 shares during the period. BB&T Investment Services Inc. bought a new position in shares of Delphi Automotive PLC during the second quarter worth approximately $127,000. Finally, Jacobi Capital Management LLC increased its stake in shares of Delphi Automotive PLC by 25.5% during the first quarter. Jacobi Capital Management LLC now owns 1,881 shares of the auto parts company’s stock worth $141,000 after purchasing an additional 382 shares during the period. Institutional investors own 90.09% of the company’s stock.
Delphi Automotive PLC Company Profile
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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