Delphi Automotive (DLPH) Research Coverage Started at UBS
Research analysts at UBS started coverage on shares of Delphi Automotive (NYSE:DLPH) in a report issued on Wednesday. The brokerage set a “neutral” rating on the auto parts company’s stock.
Several other brokerages have also recently issued reports on DLPH. Citigroup lifted their price target on Delphi Automotive from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. Piper Jaffray Companies set a $112.00 price objective on Delphi Automotive and gave the stock a “buy” rating in a research note on Friday, August 11th. Wells Fargo & Company raised their price objective on Delphi Automotive from $105.00 to $109.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. KeyCorp reissued a “buy” rating and set a $100.00 price objective on shares of Delphi Automotive in a research note on Sunday, September 17th. Finally, Barclays set a $114.00 price objective on Delphi Automotive and gave the stock a “buy” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $95.45.
Delphi Automotive (NYSE:DLPH) opened at $56.50 on Wednesday. Delphi Automotive has a 1 year low of $30.96 and a 1 year high of $57.25. The stock has a market capitalization of $27,727.09, a price-to-earnings ratio of 15.36, a PEG ratio of 1.21 and a beta of 1.39. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.22 and a current ratio of 1.62.
Delphi Automotive (NYSE:DLPH) last issued its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.10. Delphi Automotive had a return on equity of 57.92% and a net margin of 8.00%. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same period last year, the firm earned $1.50 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. sell-side analysts predict that Delphi Automotive will post 6.77 earnings per share for the current year.
In other Delphi Automotive news, Director Bernd Wiedemann sold 17,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $101.54, for a total transaction of $1,726,180.00. Following the transaction, the director now directly owns 7,975 shares in the company, valued at $809,781.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas W. Sidlik sold 8,475 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,975 shares of company stock worth $3,437,370. Corporate insiders own 0.31% of the company’s stock.
Several institutional investors have recently bought and sold shares of DLPH. US Bancorp DE increased its stake in shares of Delphi Automotive by 64.6% in the second quarter. US Bancorp DE now owns 4,924 shares of the auto parts company’s stock worth $431,000 after purchasing an additional 1,933 shares during the period. IFP Advisors Inc grew its position in Delphi Automotive by 44.6% during the second quarter. IFP Advisors Inc now owns 2,065 shares of the auto parts company’s stock worth $181,000 after buying an additional 637 shares in the last quarter. Advisor Partners LLC grew its position in Delphi Automotive by 24.1% during the second quarter. Advisor Partners LLC now owns 3,921 shares of the auto parts company’s stock worth $344,000 after buying an additional 761 shares in the last quarter. Global X Management Co. LLC grew its position in Delphi Automotive by 9.7% during the second quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock worth $113,000 after buying an additional 114 shares in the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA grew its position in Delphi Automotive by 4.7% during the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 151,665 shares of the auto parts company’s stock worth $13,293,000 after buying an additional 6,810 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.
About Delphi Automotive
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.
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