Delphi Technologies (DLPH) Rating Reiterated by Wells Fargo & Co

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Wells Fargo & Co reaffirmed their buy rating on shares of Delphi Technologies (NYSE:DLPH) in a research note published on Wednesday.

A number of other analysts also recently issued reports on DLPH. Zacks Investment Research downgraded shares of Delphi Technologies from a strong-buy rating to a hold rating and set a $49.00 price objective for the company. in a report on Thursday, July 12th. Barclays dropped their price objective on shares of Delphi Technologies from $62.00 to $57.00 and set an overweight rating for the company in a report on Thursday, August 9th. Buckingham Research dropped their price objective on shares of Delphi Technologies from $58.00 to $48.00 and set a neutral rating for the company in a report on Friday, August 10th. Oppenheimer dropped their price objective on shares of Delphi Technologies from $53.00 to $52.00 and set an outperform rating for the company in a report on Thursday, August 9th. Finally, Robert W. Baird dropped their price objective on shares of Delphi Technologies from $65.00 to $53.00 and set an outperform rating for the company in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Delphi Technologies currently has an average rating of Hold and an average price target of $37.50.

Shares of NYSE DLPH traded up $0.05 during mid-day trading on Wednesday, reaching $20.25. 103,781 shares of the company were exchanged, compared to its average volume of 2,138,970. Delphi Technologies has a 52 week low of $18.67 and a 52 week high of $60.39. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.18 and a current ratio of 1.59. The company has a market capitalization of $1.92 billion and a P/E ratio of 3.96.

Delphi Technologies (NYSE:DLPH) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. As a group, analysts forecast that Delphi Technologies will post 4.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Tuesday, November 6th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.36%. The ex-dividend date is Monday, November 5th. Delphi Technologies’s dividend payout ratio is presently 13.20%.

In other Delphi Technologies news, SVP Susan M. Suver sold 1,174 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total value of $111,530.00. Following the completion of the sale, the senior vice president now directly owns 62,268 shares of the company’s stock, valued at $5,915,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph R. Massaro sold 2,800 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $86.24, for a total transaction of $241,472.00. Following the completion of the sale, the chief financial officer now directly owns 91,734 shares of the company’s stock, valued at $7,911,140.16. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Several large investors have recently modified their holdings of the company. Artisan Partners Limited Partnership raised its stake in shares of Delphi Technologies by 50.5% during the second quarter. Artisan Partners Limited Partnership now owns 4,301,033 shares of the company’s stock valued at $195,525,000 after acquiring an additional 1,444,000 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Delphi Technologies by 30.9% during the second quarter. Bank of New York Mellon Corp now owns 3,997,567 shares of the company’s stock valued at $181,729,000 after acquiring an additional 943,977 shares during the last quarter. Standard Life Aberdeen plc raised its stake in shares of Delphi Technologies by 13.7% during the second quarter. Standard Life Aberdeen plc now owns 2,313,870 shares of the company’s stock valued at $105,154,000 after acquiring an additional 279,201 shares during the last quarter. Ruffer LLP raised its stake in shares of Delphi Technologies by 3.4% during the third quarter. Ruffer LLP now owns 2,144,756 shares of the company’s stock valued at $67,270,000 after acquiring an additional 70,668 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Delphi Technologies by 6.9% during the second quarter. Janus Henderson Group PLC now owns 1,860,875 shares of the company’s stock valued at $84,595,000 after acquiring an additional 119,963 shares during the last quarter. 82.84% of the stock is owned by hedge funds and other institutional investors.

About Delphi Technologies

Delphi Technologies PLC engages in the design, development, and manufacture of integrated powertrain technologies worldwide. The company operates through two segments, Powertrain Systems and Delphi Technologies Aftermarket. The Powertrain Systems segment provides fuel injection systems, as well as other powertrain products comprising valvetrain, fuel delivery modules, ignition coils, canisters, sensors, valves, and actuators; and electronic control modules with the corresponding software, algorithms, and calibration that provide centralized management of various powertrain components.

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Analyst Recommendations for Delphi Technologies (NYSE:DLPH)

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