Delphi Automotive PLC (DLPH) Now Covered by Berenberg Bank
Stock analysts at Berenberg Bank initiated coverage on shares of Delphi Automotive PLC (NYSE:DLPH) in a note issued to investors on Tuesday. The firm set a “hold” rating and a $70.00 price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 4.38% from the stock’s previous close.
Several other equities analysts also recently weighed in on DLPH. Morgan Stanley reissued an “overweight” rating and set a $74.00 target price on shares of Delphi Automotive PLC in a research report on Wednesday, August 3rd. Royal Bank Of Canada boosted their price objective on Delphi Automotive PLC from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Barclays PLC dropped their price objective on Delphi Automotive PLC from $85.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, August 4th. Deutsche Bank AG boosted their price objective on Delphi Automotive PLC from $99.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, RBC Capital Markets restated an “outperform” rating and set a $74.00 price objective (up previously from $70.00) on shares of Delphi Automotive PLC in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Delphi Automotive PLC currently has an average rating of “Buy” and a consensus target price of $80.78.
Delphi Automotive PLC (NYSE:DLPH) opened at 67.06 on Tuesday. The stock’s 50 day moving average price is $66.68 and its 200 day moving average price is $67.21. Delphi Automotive PLC has a one year low of $55.59 and a one year high of $88.89. The company has a market capitalization of $18.16 billion, a P/E ratio of 15.83 and a beta of 1.43.
Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Wednesday, November 2nd. The company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.07. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $3.90 billion. Delphi Automotive PLC had a return on equity of 58.26% and a net margin of 7.20%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS. Equities analysts anticipate that Delphi Automotive PLC will post $6.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, November 7th. Delphi Automotive PLC’s dividend payout ratio is currently 27.49%.
A number of hedge funds and other institutional investors have recently made changes to their positions in DLPH. J.Safra Asset Management Corp purchased a new position in shares of Delphi Automotive PLC during the second quarter worth $114,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Delphi Automotive PLC by 89.1% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,086 shares of the company’s stock worth $149,000 after buying an additional 983 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Delphi Automotive PLC by 242.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,400 shares of the company’s stock worth $171,000 after buying an additional 1,700 shares in the last quarter. SRB Corp purchased a new position in shares of Delphi Automotive PLC during the third quarter worth $171,000. Finally, South Dakota Investment Council purchased a new position in shares of Delphi Automotive PLC during the second quarter worth $175,000. 90.98% of the stock is currently owned by institutional investors.
Delphi Automotive PLC Company Profile
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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