Deutsche Bank Lowers Delphi Technologies (NYSE:DLPH) to Hold
Delphi Technologies (NYSE:DLPH) was downgraded by equities research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued on Tuesday, The Fly reports. They currently have a $11.00 price objective on the stock, down from their previous price objective of $14.00. Deutsche Bank’s target price points to a potential downside of 1.79% from the company’s previous close.
A number of other research firms have also weighed in on DLPH. Morgan Stanley dropped their price target on shares of Delphi Technologies from $14.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, November 21st. ValuEngine upgraded shares of Delphi Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Guggenheim initiated coverage on shares of Delphi Technologies in a research report on Tuesday, October 15th. They issued a “neutral” rating for the company. Barclays lowered shares of Delphi Technologies from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $23.00 to $13.00 in a research report on Monday, November 4th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $15.00 price target on shares of Delphi Technologies in a research report on Sunday, December 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $20.15.
DLPH opened at $11.20 on Tuesday. The firm has a market cap of $976.91 million, a P/E ratio of 2.56, a PEG ratio of 0.60 and a beta of 2.91. Delphi Technologies has a 1-year low of $10.85 and a 1-year high of $26.82. The company has a 50 day simple moving average of $12.66 and a two-hundred day simple moving average of $14.37. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.35 and a quick ratio of 0.93.
A number of institutional investors have recently added to or reduced their stakes in DLPH. Invesco Ltd. raised its stake in Delphi Technologies by 22.1% during the second quarter. Invesco Ltd. now owns 11,343,333 shares of the company’s stock valued at $226,867,000 after purchasing an additional 2,054,349 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Delphi Technologies in the second quarter valued at $32,863,000. Millennium Management LLC raised its stake in shares of Delphi Technologies by 220.2% in the third quarter. Millennium Management LLC now owns 1,823,951 shares of the company’s stock valued at $24,440,000 after acquiring an additional 1,254,353 shares during the period. AQR Capital Management LLC raised its stake in shares of Delphi Technologies by 3,422.0% in the second quarter. AQR Capital Management LLC now owns 636,745 shares of the company’s stock valued at $12,639,000 after acquiring an additional 618,666 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Delphi Technologies in the third quarter valued at $5,878,000. 87.46% of the stock is currently owned by 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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