Delphi Automotive PLC (DLPH) Downgraded by Zacks Investment Research to “Sell”
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.”
Several other equities research analysts have also recently weighed in on the company. Seaport Global Securities initiated coverage on Delphi Automotive PLC in a report on Tuesday, August 9th. They set a buy rating and a $77.00 target price for the company. Barclays PLC restated an overweight rating and set a $85.00 target price (down from $88.00) on shares of Delphi Automotive PLC in a report on Tuesday, July 19th. Vetr cut Delphi Automotive PLC from a strong-buy rating to a buy rating and set a $72.70 target price for the company. in a report on Wednesday, August 17th. Royal Bank Of Canada restated a buy rating on shares of Delphi Automotive PLC in a report on Monday, June 20th. Finally, Credit Agricole SA restated a buy rating on shares of Delphi Automotive PLC in a report on Wednesday, August 3rd. One investment 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. Delphi Automotive PLC currently has an average rating of Buy and a consensus target price of $85.60.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded up 1.24% during midday trading on Tuesday, reaching $71.59. The company’s stock had a trading volume of 447,838 shares. The stock has a market cap of $19.53 billion, a price-to-earnings ratio of 15.62 and a beta of 1.39. The stock has a 50-day moving average price of $68.98 and a 200-day moving average price of $68.97. Delphi Automotive PLC has a 52-week low of $55.59 and a 52-week high of $88.89.
Delphi Automotive PLC (NYSE:DLPH) last issued its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.04. The company earned $4.21 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Delphi Automotive PLC had a return on equity of 57.43% and a net margin of 8.11%. Delphi Automotive PLC’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 EPS. Equities research analysts anticipate that Delphi Automotive PLC will post $5.99 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of DLPH. Vanguard Group Inc. raised its position in Delphi Automotive PLC by 0.9% in the second quarter. Vanguard Group Inc. now owns 19,941,398 shares of the company’s stock worth $1,248,332,000 after buying an additional 183,701 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Delphi Automotive PLC by 4.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,523,359 shares of the company’s stock valued at $783,963,000 after buying an additional 517,091 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Delphi Automotive PLC by 2.9% in the second quarter. Artisan Partners Limited Partnership now owns 9,569,916 shares of the company’s stock valued at $599,077,000 after buying an additional 266,258 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Delphi Automotive PLC by 14.5% in the first quarter. Wellington Management Group LLP now owns 8,422,202 shares of the company’s stock valued at $631,834,000 after buying an additional 1,069,378 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Delphi Automotive PLC by 37.0% in the first quarter. JPMorgan Chase & Co. now owns 7,340,786 shares of the company’s stock valued at $550,705,000 after buying an additional 1,984,170 shares in the last quarter. 93.08% of the stock is owned by institutional investors.
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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