Delphi Technologies (NYSE:DLPH) Rating Increased to Buy at Goldman Sachs Group
Delphi Technologies (NYSE:DLPH) was upgraded by analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Thursday, Marketbeat.com reports. The brokerage presently has a $24.00 target price on the stock, down from their previous target price of $25.00. Goldman Sachs Group’s target price indicates a potential upside of 34.60% from the company’s current price.
A number of other analysts have also issued reports on DLPH. Seaport Global Securities started coverage on Delphi Technologies in a report on Wednesday, February 13th. They issued a “neutral” rating for the company. Buckingham Research upgraded Delphi Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $30.00 in a report on Friday, February 22nd. Barclays reiterated a “buy” rating and set a $25.00 price objective on shares of Delphi Technologies in a report on Friday, February 22nd. BMO Capital Markets increased their price objective on Delphi Technologies to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. Finally, Morgan Stanley set a $21.00 price objective on Delphi Technologies and gave the stock a “hold” rating in a report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $30.14.
DLPH opened at $17.83 on Thursday. The firm has a market capitalization of $1.56 billion, a PE ratio of 4.07, a price-to-earnings-growth ratio of 0.62 and a beta of 2.51. Delphi Technologies has a 12-month low of $13.18 and a 12-month high of $51.82. The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 2.98.
In related news, SVP David M. Sherbin sold 19,689 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $86.79, for a total transaction of $1,708,808.31. Following the completion of the sale, the senior vice president now directly owns 90,540 shares in the company, valued at $7,857,966.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Fort L.P. acquired a new position in Delphi Technologies during the first quarter worth $28,000. Royal London Asset Management Ltd. acquired a new position in Delphi Technologies during the first quarter worth $65,000. US Bancorp DE increased its position in Delphi Technologies by 32.2% during the first quarter. US Bancorp DE now owns 3,652 shares of the company’s stock worth $70,000 after buying an additional 890 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Delphi Technologies during the first quarter worth $84,000. Finally, PNC Financial Services Group Inc. increased its position in Delphi Technologies by 41.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,561 shares of the company’s stock worth $89,000 after buying an additional 1,339 shares during the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.
Delphi Technologies Company Profile
Delphi Technologies PLC engages in the design, development, and manufacture of integrated powertrain technologies worldwide. The company operates through two segments, Powertrain Systems and Delphi Technologies Aftermarket. The Powertrain Systems segment provides fuel injection systems, as well as other powertrain products comprising valvetrain, fuel delivery modules, ignition coils, canisters, sensors, valves, and actuators; and electronic control modules with the corresponding software, algorithms, and calibration that provide centralized management of various powertrain components.
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