Delphi Automotive PLC (NYSE:DLPH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
According to Zacks, “Delphi Automotive is one of the largest vehicle parts manufacturers in the world. Its capital deployment and regular acquisitions help boost shareholder value. However, production cuts in South America by some automakers are adversely affecting Delphi Automotive’s sales in the region. The company is also witnessing a decline in its cash balance. Nevertheless, Delphi Automotive expects higher revenues and earnings in 2016. Delphi Automotive has a positive record of earnings surprises in recent quarters.”
Other analysts also recently issued research reports about the company. Robert W. Baird restated an “overweight” rating and issued a $95.00 price target on shares of Delphi Automotive PLC in a research note on Monday, September 19th. Vetr upgraded Delphi Automotive PLC from a “hold” rating to a “strong-buy” rating and set a $81.67 price target on the stock in a research note on Tuesday, August 30th. Seaport Global Securities assumed coverage on Delphi Automotive PLC in a research note on Tuesday, August 9th. They issued a “buy” rating and a $77.00 price target on the stock. Citigroup Inc. cut their price target on Delphi Automotive PLC from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, August 8th. Finally, Credit Agricole SA restated a “buy” rating on shares of Delphi Automotive PLC in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $85.60.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded down 0.86% during mid-day trading on Tuesday, reaching $70.61. The company had a trading volume of 631,679 shares. Delphi Automotive PLC has a one year low of $55.59 and a one year high of $88.89. The company has a market capitalization of $19.26 billion, a price-to-earnings ratio of 15.40 and a beta of 1.39. The company has a 50 day moving average price of $68.81 and a 200 day moving average price of $68.98.
Delphi Automotive PLC (NYSE:DLPH) last announced its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.04. Delphi Automotive PLC had a return on equity of 57.43% and a net margin of 8.11%. The firm earned $4.21 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the company earned $1.34 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. On average, analysts anticipate that Delphi Automotive PLC will post $5.99 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. boosted its position in shares of Delphi Automotive PLC by 16.6% in the second quarter. Macquarie Group Ltd. now owns 290,890 shares of the company’s stock worth $18,210,000 after buying an additional 41,505 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Delphi Automotive PLC during the second quarter worth approximately $690,000. Kentucky Retirement Systems bought a new position in shares of Delphi Automotive PLC during the second quarter worth approximately $1,453,000. Mason Street Advisors LLC bought a new position in shares of Delphi Automotive PLC during the second quarter worth approximately $2,302,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Delphi Automotive PLC by 2.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,463 shares of the company’s stock worth $219,000 after buying an additional 97 shares in the last quarter. 93.08% of the stock is currently owned by institutional investors.
Delphi Automotive PLC Company Profile
Delphi Automotive PLC is a vehicle components manufacturer. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It serves automotive and commercial vehicle markets. Its Electrical/Electronic Architecture segment includes electrical architecture and component products.
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