Delphi Automotive PLC’s (DLPH) Buy Rating Reiterated at Goldman Sachs Group Inc.
Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “buy” rating reaffirmed by investment analysts at Goldman Sachs Group Inc. in a report released on Saturday. They presently have a $77.00 target price on the stock, down from their prior target price of $81.00. Goldman Sachs Group Inc.’s target price points to a potential upside of 9.81% from the company’s previous close.
Several other brokerages also recently commented on DLPH. Zacks Investment Research downgraded Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research note on Tuesday. Vetr downgraded Delphi Automotive PLC from a “buy” rating to a “hold” rating and set a $72.50 price target for the company. in a research note on Monday, August 29th. Robert W. Baird reiterated an “overweight” rating and set a $95.00 price target 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. Finally, Barclays PLC reiterated an “overweight” rating and set a $85.00 price target (down previously from $88.00) on shares of Delphi Automotive PLC in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Delphi Automotive PLC currently has an average rating of “Buy” and a consensus price target of $84.54.
Delphi Automotive PLC (NYSE:DLPH) opened at 70.12 on Friday. Delphi Automotive PLC has a 52-week low of $55.59 and a 52-week high of $88.89. The firm has a market cap of $19.13 billion, a P/E ratio of 15.30 and a beta of 1.39. The stock has a 50 day moving average price of $69.51 and a 200 day moving average price of $68.99.
Delphi Automotive PLC (NYSE:DLPH) last issued its earnings results on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.04. The company earned $4.21 billion during the quarter, compared to the consensus estimate of $4.22 billion. Delphi Automotive PLC had a return on equity of 57.43% and a net margin of 8.11%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $1.34 EPS. Equities analysts predict that Delphi Automotive PLC will post $5.99 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of DLPH. IFP Advisors Inc boosted its stake in shares of Delphi Automotive PLC by 405.2% in the first quarter. IFP Advisors Inc now owns 1,743 shares of the company’s stock worth $131,000 after buying an additional 1,398 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Delphi Automotive PLC during the second quarter worth about $114,000. Meeder Asset Management Inc. acquired a new stake in shares of Delphi Automotive PLC during the first quarter worth about $157,000. Citizens Financial Group Inc RI acquired a new stake in shares of Delphi Automotive PLC during the first quarter worth about $189,000. Finally, South Dakota Investment Council acquired a new stake in shares of Delphi Automotive PLC during the second quarter worth about $175,000. 93.08% of the stock is currently owned by institutional investors and hedge funds.
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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