KeyCorp Increases Delphi Automotive PLC (DLPH) Price Target to $106.00
Delphi Automotive PLC (NYSE:DLPH) had its price target increased by stock analysts at KeyCorp from $100.00 to $106.00 in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the auto parts company’s stock. KeyCorp’s target price would suggest a potential upside of 8.05% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on DLPH. Deutsche Bank AG cut shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating and dropped their target price for the company from $108.00 to $107.00 in a report on Thursday. UBS AG cut shares of Delphi Automotive PLC from a “buy” rating to a “neutral” rating and set a $102.00 target price on the stock. in a report on Tuesday. Robert W. Baird reaffirmed an “outperform” rating and issued a $128.00 target price (up from $110.00) on shares of Delphi Automotive PLC in a report on Thursday, September 28th. They noted that the move was a valuation call. BidaskClub cut shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Piper Jaffray Companies set a $112.00 target price on shares of Delphi Automotive PLC and gave the company a “buy” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $102.82.
Delphi Automotive PLC (NYSE:DLPH) last issued its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.06. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. Delphi Automotive PLC’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 EPS.
In related news, Director Gary L. Cowger sold 8,500 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $98.43, for a total transaction of $836,655.00. Following the sale, the director now owns 29,960 shares in the company, valued at approximately $2,948,962.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the senior vice president now owns 22,994 shares in the company, valued at approximately $2,100,501.90. The disclosure for this sale can be found here. Insiders have sold a total of 19,075 shares of company stock worth $1,903,025 in the last quarter. 0.32% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of DLPH. Global X Management Co. LLC boosted its position in shares of Delphi Automotive PLC by 9.7% during the 2nd quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock worth $113,000 after acquiring an additional 114 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Delphi Automotive PLC by 10.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock valued at $115,000 after buying an additional 125 shares in the last quarter. Advisory Services Network LLC boosted its position in Delphi Automotive PLC by 1,248.5% in the second quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock valued at $122,000 after buying an additional 1,286 shares in the last quarter. BB&T Investment Services Inc. acquired a new stake in Delphi Automotive PLC in the second quarter valued at approximately $127,000. Finally, Jacobi Capital Management LLC boosted its position in Delphi Automotive PLC by 25.5% in the first quarter. Jacobi Capital Management LLC now owns 1,881 shares of the auto parts company’s stock valued at $141,000 after buying an additional 382 shares in the last quarter. Institutional investors and hedge funds own 90.13% 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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