Delphi Automotive PLC (DLPH) Stock Rating Reaffirmed by Robert W. Baird
Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “overweight” rating reaffirmed by investment analysts at Robert W. Baird in a report issued on Monday. They presently have a $95.00 price target on the stock. Robert W. Baird’s price target indicates a potential upside of 36.16% from the company’s current price.
Several other research firms also recently commented on DLPH. Citigroup Inc. dropped their price objective on shares of Delphi Automotive PLC from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Barclays PLC dropped their price objective on shares of Delphi Automotive PLC from $85.00 to $83.00 and set an “overweight” rating on the stock in a report on Thursday, August 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $74.00 price objective on shares of Delphi Automotive PLC in a report on Wednesday, August 3rd. Piper Jaffray Cos. assumed coverage on shares of Delphi Automotive PLC in a report on Thursday, June 9th. They set an “overweight” rating and a $82.00 price objective on the stock. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $74.00 price objective (up from $70.00) on shares of Delphi Automotive PLC in a report on Thursday, August 4th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $85.60.
Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 69.77 on Monday. The stock’s 50 day moving average is $67.44 and its 200-day moving average is $69.02. The firm has a market cap of $19.03 billion, a PE ratio of 15.22 and a beta of 1.39. Delphi Automotive PLC has a 1-year low of $55.59 and a 1-year high of $88.89.
Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.04. The company earned $4.21 billion during the quarter, compared to analyst estimates of $4.22 billion. Delphi Automotive PLC had a net margin of 8.11% and a return on equity of 57.43%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 earnings per share. Analysts expect that Delphi Automotive PLC will post $5.99 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Monday, August 8th. Delphi Automotive PLC’s payout ratio is currently 25.38%.
In other Delphi Automotive PLC news, EVP James A. Spencer sold 56,493 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $70.08, for a total transaction of $3,959,029.44. Following the transaction, the executive vice president now directly owns 141,011 shares in the company, valued at $9,882,050.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of DLPH. Handelsbanken Fonder AB acquired a new position in shares of Delphi Automotive PLC during the second quarter worth approximately $25,353,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of Delphi Automotive PLC during the first quarter worth approximately $14,561,000. Creative Planning boosted its position in shares of Delphi Automotive PLC by 6.7% in the second quarter. Creative Planning now owns 7,601 shares of the company’s stock worth $476,000 after buying an additional 475 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new position in shares of Delphi Automotive PLC during the first quarter worth approximately $2,348,000. Finally, Mn Services Vermogensbeheer B.V. acquired a new position in shares of Delphi Automotive PLC during the first quarter worth approximately $464,000. Institutional investors and hedge funds own 93.16% of the company’s stock.
Delphi Automotive PLC Company Profile
Delphi Automotive PLC is a vehicle components manufacturer. The Company provides electrical and electronic, powertrain and safety solutions to the automotive and commercial vehicle markets. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety.
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