Delphi Automotive PLC (NYSE:DLPH) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday.

DLPH has been the subject of several other research reports. Guggenheim began coverage on Delphi Automotive PLC in a research note on Wednesday, June 21st. They set a “buy” rating and a $104.00 price objective for the company. Bank of America Corporation lifted their price objective on Delphi Automotive PLC from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Robert W. Baird reissued an “outperform” rating and set a $128.00 price objective (up previously from $110.00) on shares of Delphi Automotive PLC in a research note on Thursday, September 28th. They noted that the move was a valuation call. Wells Fargo & Company reissued an “outperform” rating and set a $95.00 price objective on shares of Delphi Automotive PLC in a research note on Thursday, July 6th. Finally, UBS AG lowered Delphi Automotive PLC from a “buy” rating to a “neutral” rating and set a $102.00 price objective for the company. in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $102.51.

Delphi Automotive PLC (DLPH) opened at 98.62 on Wednesday. The firm has a market cap of $26.32 billion, a PE ratio of 20.87 and a beta of 1.36. Delphi Automotive PLC has a 12-month low of $60.50 and a 12-month high of $104.09. The stock’s 50 day moving average price is $98.41 and its 200-day moving average price is $89.18.

Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.06. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.20 billion. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.59 earnings per share. Equities research analysts anticipate that Delphi Automotive PLC will post $6.69 earnings per share for the current fiscal year.

WARNING: “Delphi Automotive PLC (DLPH) Downgraded by BidaskClub to Hold” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/10/10/delphi-automotive-plc-dlph-downgraded-by-bidaskclub-to-hold.html.

In other news, Director Thomas W. Sidlik sold 8,475 shares of Delphi Automotive PLC stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $103.19, for a total value of $874,535.25. Following the transaction, the director now owns 10,564 shares in the company, valued at $1,090,099.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Vos Glen W. De sold 2,100 shares of Delphi Automotive PLC stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $91.35, for a total value of $191,835.00. Following the completion of the transaction, the senior vice president now owns 22,994 shares in the company, valued at approximately $2,100,501.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,075 shares of company stock worth $1,903,025. Company insiders own 0.32% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank increased its holdings in shares of Delphi Automotive PLC by 2.6% in the second quarter. Swiss National Bank now owns 984,900 shares of the auto parts company’s stock worth $86,326,000 after buying an additional 25,200 shares during the period. Atwood & Palmer Inc. increased its holdings in shares of Delphi Automotive PLC by 1.2% in the second quarter. Atwood & Palmer Inc. now owns 207,435 shares of the auto parts company’s stock worth $18,182,000 after buying an additional 2,552 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Delphi Automotive PLC by 45.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,750,370 shares of the auto parts company’s stock worth $140,888,000 after buying an additional 545,896 shares during the period. Private Advisor Group LLC increased its holdings in shares of Delphi Automotive PLC by 21.7% in the second quarter. Private Advisor Group LLC now owns 6,367 shares of the auto parts company’s stock worth $579,000 after buying an additional 1,135 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Delphi Automotive PLC by 2.3% in the second quarter. Wells Fargo & Company MN now owns 1,715,949 shares of the auto parts company’s stock worth $150,402,000 after buying an additional 38,804 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Delphi Automotive PLC Company Profile

Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.

Analyst Recommendations for Delphi Automotive PLC (NYSE:DLPH)

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.