Delphi Technologies (DLPH) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Delphi Technologies (NYSE:DLPH) from a hold rating to a buy rating in a research note published on Thursday. They currently have $54.00 price objective on the stock.

According to Zacks, “Delphi Technologies PLC develops, designs and manufactures powertrain technologies for original equipment manufacturers. The company’s operating segment consists of Powertrain Systems and Products & Service Solutions. Powertrain Systems segment provides fuel injection systems. It also offers electronic control modules and power electronics technologies. PSS segment sells aftermarket products to independent aftermarket and original equipment service customers. It supplies a full suite of aftermarket products, including engine control modules, pumps, injectors, fuel modules, exhaust gas recirculation valves, brakes, steering and suspension. Delphi Technologies PLC is based in United Kingdom. “

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Several other research firms have also recently commented on DLPH. Buckingham Research assumed coverage on shares of Delphi Technologies in a research report on Thursday, February 8th. They issued a neutral rating and a $58.00 price objective on the stock. Robert W. Baird reaffirmed an outperform rating and issued a $67.00 price objective (up from $64.00) on shares of Delphi Technologies in a research report on Thursday, February 22nd. Guggenheim reaffirmed a buy rating and issued a $65.00 price objective on shares of Delphi Technologies in a research report on Friday, February 23rd. Deutsche Bank boosted their price objective on shares of Delphi Technologies from $56.00 to $59.00 and gave the company a hold rating in a research report on Thursday, February 22nd. Finally, Morgan Stanley cut shares of Delphi Technologies from an overweight rating to an equal weight rating and set a $51.00 price objective on the stock. in a research report on Thursday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $60.50.

Shares of Delphi Technologies stock opened at $46.57 on Thursday. Delphi Technologies has a 52-week low of $38.00 and a 52-week high of $60.39. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.47 and a quick ratio of 1.12.

Delphi Technologies (NYSE:DLPH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.11 by $0.13. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.19 billion. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. research analysts forecast that Delphi Technologies will post 4.74 EPS for the current year.

In other Delphi Technologies news, SVP David Paja sold 6,287 shares of Delphi Technologies stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total value of $578,906.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank J. Dellaquila purchased 500 shares of the stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $86.50 per share, for a total transaction of $43,250.00. Following the completion of the purchase, the director now directly owns 2,247 shares in the company, valued at approximately $194,365.50. The disclosure for this purchase can be found here. 0.31% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Artisan Partners Limited Partnership increased its stake in Delphi Technologies by 24.0% in the 3rd quarter. Artisan Partners Limited Partnership now owns 5,501,468 shares of the company’s stock valued at $541,344,000 after buying an additional 1,066,438 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Delphi Technologies by 4.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,770,660 shares of the company’s stock worth $272,633,000 after purchasing an additional 113,017 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Delphi Technologies by 3.5% during the 3rd quarter. Legal & General Group Plc now owns 1,429,932 shares of the company’s stock worth $140,707,000 after purchasing an additional 48,128 shares during the last quarter. Standard Life Aberdeen plc increased its stake in shares of Delphi Technologies by 1,931.6% during the 4th quarter. Standard Life Aberdeen plc now owns 1,422,321 shares of the company’s stock worth $74,629,000 after purchasing an additional 1,352,310 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its stake in shares of Delphi Technologies by 20.3% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,015,346 shares of the company’s stock worth $99,910,000 after purchasing an additional 171,250 shares during the last quarter. Hedge funds and other institutional investors own 86.51% 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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