Delphi Automotive PLC (DLPH) Rating Lowered to Underweight at Morgan Stanley
Delphi Automotive PLC (NYSE:DLPH) was downgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Tuesday. They currently have a $59.00 price target on the stock, down from their previous price target of $74.00. Morgan Stanley’s target price indicates a potential downside of 7.00% from the company’s previous close.
A number of other equities analysts also recently commented on DLPH. Citigroup Inc. reduced their price objective on Delphi Automotive PLC from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Barclays PLC cut their target price on 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. Berenberg Bank assumed coverage on Delphi Automotive PLC in a research note on Tuesday, November 22nd. They set a “hold” rating and a $70.00 target price for the company. Vetr cut Delphi Automotive PLC from a “strong-buy” rating to a “hold” rating and set a $67.22 target price for the company. in a research note on Thursday, November 10th. Finally, Zacks Investment Research raised Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research note on Friday, November 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $79.90.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded down 4.34% during midday trading on Tuesday, hitting $63.44. The company’s stock had a trading volume of 6,130,280 shares. The firm has a 50-day moving average of $66.33 and a 200 day moving average of $67.11. The firm has a market cap of $17.18 billion, a price-to-earnings ratio of 14.97 and a beta of 1.43. Delphi Automotive PLC has a 12-month low of $55.59 and a 12-month high of $88.89.
Delphi Automotive PLC (NYSE:DLPH) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.07. Delphi Automotive PLC had a return on equity of 58.26% and a net margin of 7.20%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the business posted $1.28 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts predict that Delphi Automotive PLC will post $6.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Monday, November 7th. Delphi Automotive PLC’s dividend payout ratio (DPR) is 27.49%.
A number of hedge funds have recently made changes to their positions in DLPH. LS Investment Advisors LLC increased its stake in shares of Delphi Automotive PLC by 0.7% in the second quarter. LS Investment Advisors LLC now owns 7,662 shares of the company’s stock worth $480,000 after buying an additional 53 shares during the period. Atwood & Palmer Inc. increased its stake in shares of Delphi Automotive PLC by 2.1% in the second quarter. Atwood & Palmer Inc. now owns 198,465 shares of the company’s stock worth $12,424,000 after buying an additional 4,161 shares during the period. Palladium Partners LLC acquired a new stake in shares of Delphi Automotive PLC during the second quarter worth about $200,000. Fox Run Management L.L.C. acquired a new stake in shares of Delphi Automotive PLC during the second quarter worth about $369,000. Finally, Peddock Capital Advisors LLC increased its stake in shares of Delphi Automotive PLC by 4.4% in the second quarter. Peddock Capital Advisors LLC now owns 5,943 shares of the company’s stock worth $372,000 after buying an additional 252 shares during the period. 93.69% of the stock is 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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