Delphi Automotive PLC (DLPH) Stock Rating Reaffirmed by Robert W. Baird
Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “overweight” rating restated by analysts at Robert W. Baird in a research report issued to clients and investors on Monday. They presently have a $95.00 price objective on the stock. Robert W. Baird’s price objective suggests a potential upside of 37.98% from the company’s previous close.
A number of other analysts also recently weighed in on the stock. Seaport Global Securities started coverage on shares of Delphi Automotive PLC in a report on Tuesday, August 9th. They issued a “buy” rating and a $77.00 target price on the stock. Barclays PLC reiterated an “overweight” rating and set a $85.00 price target (down from $88.00) on shares of Delphi Automotive PLC in a report on Tuesday, July 19th. Vetr downgraded shares of Delphi Automotive PLC from a “strong-buy” rating to a “buy” rating and set a $72.70 price target on the stock. in a report on Wednesday, August 17th. Zacks Investment Research downgraded shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Delphi Automotive PLC in a report on Monday, June 20th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Delphi Automotive PLC presently has an average rating of “Buy” and a consensus price target of $85.60.
Delphi Automotive PLC (NYSE:DLPH) opened at 68.85 on Monday. The stock has a market capitalization of $18.78 billion, a price-to-earnings ratio of 15.02 and a beta of 1.39. Delphi Automotive PLC has a 12-month low of $55.59 and a 12-month high of $88.89. The stock’s 50 day moving average is $67.55 and its 200 day moving average is $69.02.
Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.04. Delphi Automotive PLC had a net margin of 8.11% and a return on equity of 57.43%. The firm had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the firm posted $1.34 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. Equities analysts predict that Delphi Automotive PLC will post $5.99 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were given a $0.29 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.68%. Delphi Automotive PLC’s payout ratio is presently 25.38%.
In related news, EVP James A. Spencer sold 56,493 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $70.08, for a total transaction of $3,959,029.44. Following the completion of the sale, the executive vice president now owns 141,011 shares of the company’s stock, valued at $9,882,050.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of DLPH. Macquarie Group Ltd. boosted its stake in 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 during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Delphi Automotive PLC during the second quarter worth approximately $690,000. Kentucky Retirement Systems purchased a new stake in Delphi Automotive PLC during the second quarter worth approximately $1,453,000. Mason Street Advisors LLC purchased a new stake in Delphi Automotive PLC during the second quarter worth approximately $2,302,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in 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 during the last quarter. 93.08% of the stock is owned by institutional investors.
Delphi Automotive PLC Company Profile
Delphi Automotive PLC is a vehicle components manufacturer. The Company provides electrical and electronic, powertrain and safety solutions to the automotive and commercial vehicle markets. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety.
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