Delphi Technologies (NYSE:DLPH) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a $51.00 price objective on the stock. Morgan Stanley’s price objective suggests a potential upside of 7.53% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Buckingham Research initiated coverage on shares of Delphi Technologies in a research report on Thursday, February 8th. They set a “neutral” rating and a $58.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price target on shares of Delphi Technologies in a research report on Wednesday, February 28th. Guggenheim reissued a “buy” rating and issued a $65.00 price target on shares of Delphi Technologies in a research report on Friday, February 23rd. Deutsche Bank raised their price target 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, Robert W. Baird reissued an “outperform” rating and issued a $67.00 price target (up previously from $64.00) on shares of Delphi Technologies in a research report on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $62.29.

Delphi Technologies stock traded down $1.21 during trading hours on Thursday, hitting $47.43. 87,241 shares of the company were exchanged, compared to its average volume of 1,108,738. 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 has a 1 year low of $38.00 and a 1 year high of $60.39.

Delphi Technologies (NYSE:DLPH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.13. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.19 billion. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. equities analysts forecast that Delphi Technologies will post 4.77 EPS for the current year.

In other news, SVP David Paja sold 6,287 shares of Delphi Technologies stock in a transaction dated 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 filing with the SEC, which is available at this hyperlink. Also, Director Frank J. Dellaquila acquired 500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $86.50 per share, for a total transaction of $43,250.00. Following the acquisition, the director now owns 2,247 shares of the company’s stock, valued at approximately $194,365.50. The disclosure for this purchase can be found here.

A number of hedge funds have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership boosted its holdings in Delphi Technologies by 24.0% during the third quarter. Artisan Partners Limited Partnership now owns 5,501,468 shares of the company’s stock worth $541,344,000 after buying an additional 1,066,438 shares in the last quarter. Neuberger Berman Group LLC raised its position in Delphi Technologies by 4.3% during the third quarter. Neuberger Berman Group LLC now owns 2,770,660 shares of the company’s stock worth $272,633,000 after acquiring an additional 113,017 shares during the last quarter. Legal & General Group Plc raised its position in Delphi Technologies by 3.5% during the third quarter. Legal & General Group Plc now owns 1,429,932 shares of the company’s stock worth $140,707,000 after acquiring an additional 48,128 shares during the last quarter. Standard Life Aberdeen plc raised its position in Delphi Technologies by 1,931.6% during the fourth quarter. Standard Life Aberdeen plc now owns 1,422,321 shares of the company’s stock worth $74,629,000 after acquiring an additional 1,352,310 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its position in Delphi Technologies by 20.3% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 1,015,346 shares of the company’s stock worth $99,910,000 after acquiring an additional 171,250 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Delphi Technologies (NYSE:DLPH)

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