Delphi Automotive PLC (NYSE:DLPH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
According to Zacks, “Delphi Automotive is one of the largest vehicle parts manufacturers in the world. Its capital deployment and regular acquisitions help boost shareholder value. However, production cuts in South America by some automakers are adversely affecting Delphi Automotive’s sales in the region. The company is also witnessing a decline in its cash balance. Nevertheless, Delphi Automotive expects higher revenues and earnings in 2016. Delphi Automotive has a positive record of earnings surprises in recent quarters.”
Several other analysts have also issued reports on DLPH. Goldman Sachs Group Inc. reissued a “buy” rating and set a $94.00 target price on shares of Delphi Automotive PLC in a report on Monday, June 6th. Piper Jaffray Cos. began coverage on Delphi Automotive PLC in a research report on Thursday, June 9th. They set an “overweight” rating and a $82.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating on shares of Delphi Automotive PLC in a research report on Monday, June 20th. Robert W. Baird restated a “buy” rating on shares of Delphi Automotive PLC in a research report on Tuesday, June 28th. Finally, Barclays PLC restated an “overweight” rating and set a $85.00 price objective (down from $88.00) on shares of Delphi Automotive PLC in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Delphi Automotive PLC has an average rating of “Buy” and a consensus target price of $85.60.
Delphi Automotive PLC (NYSE:DLPH) opened at 71.77 on Tuesday. Delphi Automotive PLC has a 52-week low of $55.59 and a 52-week high of $88.89. The stock’s 50 day moving average price is $69.19 and its 200 day moving average price is $68.99. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of 15.66 and a beta of 1.39.
Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.04. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.22 billion. Delphi Automotive PLC had a return on equity of 57.43% and a net margin of 8.11%. Delphi Automotive PLC’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 EPS. On average, equities analysts anticipate that Delphi Automotive PLC will post $5.99 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of DLPH. Eqis Capital Management Inc. bought a new position in shares of Delphi Automotive PLC during the third quarter worth about $275,000. Macquarie Group Ltd. raised its position in shares of Delphi Automotive PLC by 16.6% in the second quarter. Macquarie Group Ltd. now owns 290,890 shares of the company’s stock valued at $18,210,000 after buying an additional 41,505 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Delphi Automotive PLC during the second quarter valued at about $690,000. Kentucky Retirement Systems acquired a new position in shares of Delphi Automotive PLC during the second quarter valued at about $1,453,000. Finally, Mason Street Advisors LLC acquired a new position in shares of Delphi Automotive PLC during the second quarter valued at about $2,302,000. Institutional investors own 93.08% of the company’s stock.
About Delphi Automotive PLC
Delphi Automotive PLC is a vehicle components manufacturer. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It serves automotive and commercial vehicle markets. Its Electrical/Electronic Architecture segment includes electrical architecture and component products.
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