Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “buy” rating restated by research analysts at Goldman Sachs Group Inc. in a report issued on Saturday. They presently have a $77.00 price objective on the stock, down from their prior price objective of $81.00. Goldman Sachs Group Inc.’s price objective indicates a potential upside of 9.81% from the stock’s current price.
Several other research firms have also issued reports on DLPH. Credit Agricole SA restated a “buy” rating on shares of Delphi Automotive PLC in a report on Wednesday, August 3rd. RBC Capital Markets restated an “outperform” rating and issued a $74.00 target price (up previously from $70.00) on shares of Delphi Automotive PLC in a report on Thursday, August 4th. Barclays PLC decreased their price target on shares of Delphi Automotive PLC from $85.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, August 4th. Seaport Global Securities initiated coverage on shares of Delphi Automotive PLC in a research note on Tuesday, August 9th. They issued a “buy” rating and a $77.00 price target for the company. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Delphi Automotive PLC in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $84.54.
Delphi Automotive PLC (NYSE:DLPH) opened at 70.12 on Friday. Delphi Automotive PLC has a 1-year low of $55.59 and a 1-year high of $88.89. The stock’s 50 day moving average is $69.51 and its 200-day moving average is $68.99. The firm has a market capitalization of $19.13 billion, a P/E ratio of 15.30 and a beta of 1.39.
Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.04. The business had revenue of $4.21 billion for 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%. Delphi Automotive PLC’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. Analysts forecast that Delphi Automotive PLC will post $5.99 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PGGM Investments boosted its position in Delphi Automotive PLC by 580.6% in the second quarter. PGGM Investments now owns 629,529 shares of the company’s stock worth $39,409,000 after buying an additional 537,033 shares during the last quarter. Handelsbanken Fonder AB bought a new position in Delphi Automotive PLC during the second quarter worth $25,353,000. Douglas Lane & Associates LLC boosted its position in Delphi Automotive PLC by 3.9% in the second quarter. Douglas Lane & Associates LLC now owns 834,693 shares of the company’s stock worth $52,252,000 after buying an additional 31,716 shares during the last quarter. Strs Ohio boosted its position in Delphi Automotive PLC by 5.8% in the second quarter. Strs Ohio now owns 971,252 shares of the company’s stock worth $60,800,000 after buying an additional 53,559 shares during the last quarter. Finally, Capital Fund Management S.A. boosted its position in Delphi Automotive PLC by 90.6% in the second quarter. Capital Fund Management S.A. now owns 402,270 shares of the company’s stock worth $25,182,000 after buying an additional 191,199 shares during the last quarter. Hedge funds and other institutional investors own 93.08% of the company’s stock.
About Delphi Automotive PLC
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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