Delphi Automotive PLC Rating Reiterated by TheStreet (DLPH)
Delphi Automotive PLC (NASDAQ: DLPH)‘s stock had its “hold” rating restated by equities researchers at TheStreet in a report issued on Thursday.
The analysts wrote, “Delphi Automotive (DLPH) has been reiterated by TheStreet Ratings as a hold with a ratings score of C- . The company’s strengths can be seen in multiple areas, such as its notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and generally higher debt management risk.”
Shares of Delphi Automotive PLC opened at 42.36 on Thursday. Delphi Automotive PLC has a 52 week low of $24.86 and a 52 week high of $42.73. The stock’s 50-day moving average is currently $39.59. The company has a market cap of $13.356 billion and a P/E ratio of 12.72.
Delphi Automotive PLC last released its earnings data on Tuesday, February 5th. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.03. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Delphi Automotive PLC has set its Q1 guidance at $0.93-1.00 EPS and its FY13 guidance at $4.12-4.38 EPS. On average, analysts predict that Delphi Automotive PLC will post $4.23 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Delphi Automotive PLC in a research note to investors on Wednesday, February 27th. They now have a $48.00 price target on the stock, up previously from $45.00. Separately, analysts at Morgan Stanley raised their price target on shares of Delphi Automotive PLC from $42.00 to $45.00 in a research note to investors on Wednesday, February 27th. They now have an “overweight” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Delphi Automotive PLC from $37.00 to $42.00 in a research note to investors on Wednesday, February 13th.
Eleven analysts have rated the stock with a buy rating, three have assigned an overweight rating, and three have issued a hold rating to the stock. The company has an average rating of “overweight” and an average target price of $44.29.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 27th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, March 13th.
Delphi Automotive PLC has no operations. The Company focuses to acquire Delphi Automotive LLP (Delphi).
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