Zacks Investment Research downgraded shares of Delphi Automotive PLC (NYSE:DLPH) from a hold rating to a sell rating in a report issued on Tuesday morning.

According to Zacks, “Delphi Automotive is one of the largest vehicle parts manufacturers in the world. Its capital deployment and regular acquisitions help boost shareholder value. However, production cuts in South America by some automakers are adversely affecting Delphi Automotive’s sales in the region. The company is also witnessing a decline in its cash balance. Nevertheless, Delphi Automotive expects higher revenues and earnings in 2016. Delphi Automotive has a positive record of earnings surprises in recent quarters.”

DLPH has been the topic of a number of other research reports. Vetr cut Delphi Automotive PLC from a buy rating to a hold rating and set a $72.50 price objective on the stock. in a research note on Monday, August 29th. Robert W. Baird reiterated an overweight rating and set a $95.00 price objective on shares of Delphi Automotive PLC in a research note on Monday, September 19th. Royal Bank Of Canada reiterated a buy rating on shares of Delphi Automotive PLC in a research note on Monday, June 20th. Piper Jaffray Cos. assumed coverage on Delphi Automotive PLC in a research note on Thursday, June 9th. They set an overweight rating and a $82.00 price objective on the stock. Finally, Barclays PLC reiterated an overweight rating and set a $85.00 price objective (down previously from $88.00) on shares of Delphi Automotive PLC in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Delphi Automotive PLC has an average rating of Buy and a consensus target price of $85.60.

Analyst Recommendations for Delphi Automotive PLC (NYSE:DLPH)

Delphi Automotive PLC (NYSE:DLPH) traded up 1.24% during midday trading on Tuesday, reaching $71.59. 447,838 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $68.98 and a 200 day moving average price of $68.97. The company has a market cap of $19.53 billion, a P/E ratio of 15.62 and a beta of 1.39. Delphi Automotive PLC has a 12 month low of $55.59 and a 12 month high of $88.89.

Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.04. Delphi Automotive PLC had a return on equity of 57.43% and a net margin of 8.11%. The firm earned $4.21 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the firm posted $1.34 EPS. The business’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that Delphi Automotive PLC will post $5.99 EPS for the current year.

A number of large investors have recently modified their holdings of DLPH. Emerald Acquisition Ltd. purchased a new stake in shares of Delphi Automotive PLC during the second quarter worth approximately $151,586,000. JPMorgan Chase & Co. boosted its stake in shares of Delphi Automotive PLC by 37.0% in the first quarter. JPMorgan Chase & Co. now owns 7,340,786 shares of the company’s stock worth $550,705,000 after buying an additional 1,984,170 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Delphi Automotive PLC by 92.8% in the first quarter. Lazard Asset Management LLC now owns 4,031,474 shares of the company’s stock worth $302,441,000 after buying an additional 1,940,448 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Delphi Automotive PLC by 38.9% in the second quarter. Alliancebernstein L.P. now owns 4,497,033 shares of the company’s stock worth $281,514,000 after buying an additional 1,258,424 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Delphi Automotive PLC by 49.0% in the second quarter. Franklin Resources Inc. now owns 3,359,570 shares of the company’s stock worth $210,321,000 after buying an additional 1,104,766 shares during the period. Institutional investors and hedge funds own 93.08% of the company’s stock.

About Delphi Automotive PLC

Delphi Automotive PLC is a vehicle components manufacturer. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It serves automotive and commercial vehicle markets. Its Electrical/Electronic Architecture segment includes electrical architecture and component products.

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