Citigroup Inc. Boosts Delphi Automotive PLC (DLPH) Price Target to $116.00
Delphi Automotive PLC (NYSE:DLPH) had its price target lifted by Citigroup Inc. from $115.00 to $116.00 in a report released on Friday morning. Citigroup Inc. currently has a buy rating on the auto parts company’s stock.
Several other brokerages also recently commented on DLPH. UBS AG reaffirmed a buy rating and set a $102.00 target price on shares of Delphi Automotive PLC in a report on Thursday, September 28th. Royal Bank Of Canada reiterated a buy rating and issued a $95.00 price objective on shares of Delphi Automotive PLC in a research note on Friday, July 7th. Piper Jaffray Companies set a $112.00 price objective on shares of Delphi Automotive PLC and gave the stock a buy rating in a research note on Friday, August 11th. Wells Fargo & Company lifted their price objective on shares of Delphi Automotive PLC from $105.00 to $109.00 and gave the stock an outperform rating in a research note on Friday, September 29th. Finally, KeyCorp reiterated a buy rating and issued a $100.00 price objective on shares of Delphi Automotive PLC in a research note on Sunday, September 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $103.98.
Shares of Delphi Automotive PLC (NYSE DLPH) traded down $0.05 on Friday, hitting $96.84. 356,377 shares of the stock were exchanged, compared to its average volume of 1,605,438. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $104.09. The company has a market cap of $25,757.22, a P/E ratio of 14.27, a PEG ratio of 1.06 and a beta of 1.37. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 1.35.
Delphi Automotive PLC (NYSE:DLPH) last announced its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.56 by $0.10. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.10 billion. Delphi Automotive PLC had a net margin of 8.00% and a return on equity of 57.92%. Delphi Automotive PLC’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 EPS. analysts expect that Delphi Automotive PLC will post 6.76 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, November 7th. Delphi Automotive PLC’s dividend payout ratio is currently 22.61%.
In related news, Director Gary L. Cowger sold 8,500 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $98.43, for a total transaction of $836,655.00. Following the transaction, the director now owns 29,960 shares in the company, valued at approximately $2,948,962.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas W. Sidlik sold 8,475 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $103.19, for a total transaction of $874,535.25. Following the transaction, the director now owns 10,564 shares in the company, valued at approximately $1,090,099.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,075 shares of company stock worth $1,903,025. Insiders own 0.31% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. State Treasurer State of Michigan lifted its position in shares of Delphi Automotive PLC by 215.4% during the 3rd quarter. State Treasurer State of Michigan now owns 277,622 shares of the auto parts company’s stock valued at $27,318,000 after acquiring an additional 189,600 shares during the period. Swiss National Bank lifted its position in shares of Delphi Automotive PLC by 2.6% during the 2nd quarter. Swiss National Bank now owns 984,900 shares of the auto parts company’s stock valued at $86,326,000 after acquiring an additional 25,200 shares during the period. Private Advisor Group LLC lifted its position in shares of Delphi Automotive PLC by 21.7% during the 2nd quarter. Private Advisor Group LLC now owns 6,367 shares of the auto parts company’s stock valued at $579,000 after acquiring an additional 1,135 shares during the period. Atwood & Palmer Inc. lifted its position in shares of Delphi Automotive PLC by 1.2% during the 2nd quarter. Atwood & Palmer Inc. now owns 207,435 shares of the auto parts company’s stock valued at $18,182,000 after acquiring an additional 2,552 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Delphi Automotive PLC by 6.5% during the second quarter. Franklin Resources Inc. now owns 3,043,302 shares of the auto parts company’s stock worth $266,735,000 after buying an additional 185,147 shares during the last quarter. Institutional investors own 90.15% of the company’s stock.
Delphi Automotive PLC Company Profile
Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.
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