Delphi Automotive PLC (DLPH) Rating Lowered to Underweight at Morgan Stanley
Delphi Automotive PLC (NYSE:DLPH) was downgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Tuesday. They presently have a $59.00 price objective on the stock, down from their prior price objective of $74.00. Morgan Stanley’s target price points to a potential downside of 7.81% from the company’s current price.
Other research analysts also recently issued reports about the company. Vetr downgraded Delphi Automotive PLC from a “strong-buy” rating to a “buy” rating and set a $72.70 price objective for the company. in a research note on Wednesday, August 17th. Seaport Global Securities initiated coverage on Delphi Automotive PLC in a research note on Tuesday, August 9th. They set a “buy” rating and a $77.00 price objective for the company. Citigroup Inc. cut their price objective on Delphi Automotive PLC from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, August 8th. reiterated a “buy” rating on shares of Delphi Automotive PLC in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG boosted their price objective on Delphi Automotive PLC from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. Delphi Automotive PLC has an average rating of “Buy” and a consensus price target of $79.90.
Delphi Automotive PLC (NYSE:DLPH) opened at 64.00 on Tuesday. Delphi Automotive PLC has a 1-year low of $55.59 and a 1-year high of $88.34. The firm’s 50 day moving average is $66.14 and its 200 day moving average is $67.08. The stock has a market capitalization of $17.33 billion, a P/E ratio of 15.11 and a beta of 1.43.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.07. Delphi Automotive PLC had a net margin of 7.20% and a return on equity of 58.26%. The firm earned $4.10 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities research analysts anticipate that Delphi Automotive PLC will post $6.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th were issued a dividend of $0.29 per share. The ex-dividend date was Monday, November 7th. This represents a $1.16 annualized dividend and a yield of 1.81%. Delphi Automotive PLC’s payout ratio is presently 27.49%.
ILLEGAL ACTIVITY WARNING: This piece was reported by Daily Political and is owned by of Daily Political. If you are accessing this piece on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright legislation. The correct version of this piece can be accessed at http://www.dailypolitical.com/2016/12/01/delphi-automotive-plc-dlph-rating-lowered-to-underweight-at-morgan-stanley.html.
Hedge funds have recently added to or reduced their stakes in the company. Seven Eight Capital LLC raised its stake in Delphi Automotive PLC by 3,360.0% in the first quarter. Seven Eight Capital LLC now owns 4,325 shares of the company’s stock worth $324,000 after buying an additional 4,200 shares during the last quarter. First Republic Investment Management Inc. raised its stake in Delphi Automotive PLC by 242.4% in the first quarter. First Republic Investment Management Inc. now owns 29,388 shares of the company’s stock worth $2,205,000 after buying an additional 20,805 shares during the last quarter. British Columbia Investment Management Corp raised its stake in Delphi Automotive PLC by 2.1% in the second quarter. British Columbia Investment Management Corp now owns 200,508 shares of the company’s stock worth $12,552,000 after buying an additional 4,162 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in Delphi Automotive PLC by 4.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 70,660 shares of the company’s stock worth $4,423,000 after buying an additional 3,087 shares during the last quarter. Finally, American National Bank raised its stake in Delphi Automotive PLC by 4.2% in the second quarter. American National Bank now owns 42,564 shares of the company’s stock worth $2,664,000 after buying an additional 1,718 shares during the last quarter. Institutional investors and hedge funds own 93.69% 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.
Receive News & Ratings for Delphi Automotive PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delphi Automotive PLC and related companies with MarketBeat.com's FREE daily email newsletter.