Royal Bank Of Canada Reiterates “Buy” Rating for Delphi Automotive PLC (DLPH)
Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “buy” rating reaffirmed by investment analysts at Royal Bank Of Canada in a note issued to investors on Friday.
A number of other brokerages have also weighed in on DLPH. Bank of America Corporation lifted their price target on shares of Delphi Automotive PLC from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $112.00 price target on shares of Delphi Automotive PLC in a research note on Monday, September 25th. Cowen and Company initiated coverage on shares of Delphi Automotive PLC in a research note on Monday, September 25th. They issued an “outperform” rating and a $120.00 price target on the stock. BidaskClub raised shares of Delphi Automotive PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $100.00 price target on shares of Delphi Automotive PLC in a research note on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Delphi Automotive PLC has a consensus rating of “Buy” and an average price target of $103.98.
Delphi Automotive PLC (NYSE:DLPH) traded down $2.49 on Friday, reaching $96.89. 2,475,755 shares of the company’s stock traded hands, compared to its average volume of 1,820,000. The company has a quick ratio of 1.05, a current ratio of 1.62 and a debt-to-equity ratio of 1.35. The firm has a market cap of $25.76 billion, a PE ratio of 14.63, a PEG ratio of 1.09 and a beta of 1.37. Delphi Automotive PLC has a 52-week low of $60.50 and a 52-week high of $104.09.
Delphi Automotive PLC (NYSE:DLPH) last issued its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.10. Delphi Automotive PLC had a net margin of 8.00% and a return on equity of 57.92%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the firm earned $1.50 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. sell-side analysts expect that Delphi Automotive PLC will post 6.72 EPS for the current fiscal year.
In other Delphi Automotive PLC news, Director Gary L. Cowger sold 8,500 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $98.43, for a total transaction of $836,655.00. Following the transaction, the director now directly 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 available through this link. Also, SVP Vos Glen W. De sold 2,100 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $91.35, for a total value of $191,835.00. Following the completion of the transaction, the senior vice president now owns 22,994 shares in the company, valued at $2,100,501.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,075 shares of company stock valued at $1,903,025. Insiders own 0.31% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Global X Management Co. LLC lifted its holdings in shares of 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 worth $113,000 after purchasing an additional 114 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 buying an additional 125 shares during the last quarter. Advisory Services Network LLC raised its position 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 buying an additional 1,286 shares during the last quarter. BB&T Investment Services Inc. purchased a new stake in Delphi Automotive PLC in the 2nd quarter valued at $127,000. Finally, Assetmark Inc. raised its position 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 buying an additional 46 shares during the last quarter. Institutional investors own 90.01% 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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