Delphi Technologies (NYSE:DLPH)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank of Canada in a note issued to investors on Wednesday. They currently have a $60.00 target price on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 23.89% from the company’s previous close.
A number of other research firms also recently commented on DLPH. Buckingham Research began coverage on Delphi Technologies in a report on Thursday, February 8th. They issued a “neutral” rating and a $58.00 target price for the company. Robert W. Baird reissued an “outperform” rating and issued a $67.00 target price (up previously from $64.00) on shares of Delphi Technologies in a report on Thursday, February 22nd. Guggenheim reissued a “buy” rating and issued a $65.00 target price on shares of Delphi Technologies in a report on Friday, February 23rd. Finally, Deutsche Bank raised their target price on Delphi Technologies from $56.00 to $59.00 and gave the company a “hold” rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Delphi Technologies presently has a consensus rating of “Buy” and an average target price of $61.80.
Shares of Delphi Technologies (NYSE:DLPH) opened at $48.43 on Wednesday. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.12 and a current ratio of 1.47. Delphi Technologies has a fifty-two week low of $38.00 and a fifty-two week high of $60.39.
In related news, Director Frank J. Dellaquila acquired 500 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $86.50 per share, for a total transaction of $43,250.00. Following the transaction, the director now owns 2,247 shares in the company, valued at approximately $194,365.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Paja sold 6,287 shares of Delphi Technologies stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $92.08, for a total value of $578,906.96. The disclosure for this sale can be found here.
A number of institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC increased its position in Delphi Technologies by 8.5% during the 3rd quarter. Private Advisor Group LLC now owns 6,909 shares of the company’s stock worth $691,000 after purchasing an additional 542 shares in the last quarter. Chartwell Investment Partners LLC boosted its stake in Delphi Technologies by 3.9% in the 3rd quarter. Chartwell Investment Partners LLC now owns 14,690 shares of the company’s stock worth $1,445,000 after buying an additional 545 shares during the last quarter. BB&T Securities LLC boosted its stake in Delphi Technologies by 0.7% in the 3rd quarter. BB&T Securities LLC now owns 86,676 shares of the company’s stock worth $8,528,000 after buying an additional 561 shares during the last quarter. Barings LLC boosted its stake in Delphi Technologies by 3.6% in the 3rd quarter. Barings LLC now owns 17,200 shares of the company’s stock worth $1,692,000 after buying an additional 600 shares during the last quarter. Finally, Dupont Capital Management Corp boosted its stake in Delphi Technologies by 1.8% in the 3rd quarter. Dupont Capital Management Corp now owns 34,591 shares of the company’s stock worth $3,404,000 after buying an additional 604 shares during the last quarter. Hedge funds and other institutional investors own 46.27% of the company’s stock.
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About Delphi Technologies
Delphi Technologies PLC is a develops, designs and manufactures powertrain technologies for original equipment manufacturers (OEMs). The Company’s segments is Products & Service Solutions (PSS). PSS segment sells aftermarket products to independent aftermarket and original equipment service customers.
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