BMO Capital Markets Reiterates “$60.00” Price Target for Delphi Technologies (DLPH)
BMO Capital Markets set a $60.00 target price on Delphi Technologies (NYSE:DLPH) in a report issued on Thursday morning, The Fly reports. The brokerage currently has a buy rating on the stock.
Several other research analysts have also weighed in on the company. Cowen initiated coverage on Delphi Technologies in a research report on Monday, April 16th. They issued an outperform rating and a $64.00 price objective for the company. Morgan Stanley increased their price objective on Delphi Technologies from $51.00 to $55.00 and gave the stock a hold rating in a research report on Wednesday, May 23rd. Zacks Investment Research lowered Delphi Technologies from a hold rating to a sell rating in a research report on Monday, July 30th. Oppenheimer upgraded Delphi Technologies from a market perform rating to an outperform rating and set a $53.00 price objective for the company in a research report on Monday, July 23rd. Finally, UBS Group upgraded Delphi Technologies from a market perform rating to an outperform rating in a research report on Monday, July 23rd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $55.55.
Shares of NYSE:DLPH traded down $0.82 during midday trading on Thursday, hitting $40.91. The company had a trading volume of 907,347 shares, compared to its average volume of 852,824. Delphi Technologies has a twelve month low of $38.00 and a twelve month high of $60.39. The company has a quick ratio of 1.15, a current ratio of 1.59 and a debt-to-equity ratio of 4.68.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Tuesday, August 7th will be given a $0.17 dividend. The ex-dividend date is Monday, August 6th. This represents a $0.68 annualized dividend and a yield of 1.66%. Delphi Technologies’s payout ratio is 13.20%.
In other news, Director Mark P. Frissora sold 7,826 shares of the firm’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $102.59, for a total transaction of $802,869.34. Following the completion of the transaction, the director now directly owns 1,957 shares in the company, valued at $200,768.63. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.12% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Preferred LLC boosted its position in shares of Delphi Technologies by 908.1% during the second quarter. Advisors Preferred LLC now owns 2,621 shares of the company’s stock worth $119,000 after buying an additional 2,361 shares during the period. Perigon Wealth Management LLC purchased a new position in shares of Delphi Technologies during the first quarter worth $197,000. Signition LP purchased a new position in shares of Delphi Technologies during the second quarter worth $205,000. Brown Advisory Inc. purchased a new position in shares of Delphi Technologies during the first quarter worth $216,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Delphi Technologies during the first quarter worth $218,000. Institutional investors and hedge funds own 83.28% of the company’s stock.
Delphi Technologies Company Profile
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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