Morgan Stanley lowered shares of Delphi Automotive PLC (NYSE:DLPH) from an equal weight rating to an underweight rating in a report published on Tuesday. They currently have $59.00 price target on the stock, down from their prior price target of $74.00.

Several other brokerages have also issued reports on DLPH. reiterated a buy rating on shares of Delphi Automotive PLC in a research report on Wednesday, August 3rd. RBC Capital Markets reiterated an outperform rating and issued a $74.00 target price (up from $70.00) on shares of Delphi Automotive PLC in a research report on Thursday, August 4th. Barclays PLC cut their target price on shares of Delphi Automotive PLC from $85.00 to $83.00 and set an overweight rating for the company in a research report on Thursday, August 4th. Seaport Global Securities initiated coverage on shares of Delphi Automotive PLC in a research report on Tuesday, August 9th. They set a buy rating and a $77.00 price target for the company. Finally, Royal Bank Of Canada upped their price target on shares of Delphi Automotive PLC from $70.00 to $74.00 and gave the company an outperform rating in a research report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. Delphi Automotive PLC currently has an average rating of Buy and a consensus price target of $79.90.

Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 63.44 on Tuesday. The firm has a 50-day moving average of $66.33 and a 200-day moving average of $67.11. 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 $17.18 billion, a P/E ratio of 14.97 and a beta of 1.43.

Delphi Automotive PLC (NYSE:DLPH) last announced its earnings results on Wednesday, November 2nd. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.07. Delphi Automotive PLC had a net margin of 7.20% and a return on equity of 58.26%. The company earned $4.10 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the business earned $1.28 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. Analysts forecast that Delphi Automotive PLC will post $6.05 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Monday, November 7th. Delphi Automotive PLC’s dividend payout ratio is presently 27.49%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Delphi Automotive PLC by 0.9% in the second quarter. Vanguard Group Inc. now owns 19,941,398 shares of the company’s stock valued at $1,248,332,000 after buying an additional 183,701 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Delphi Automotive PLC by 4.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,523,359 shares of the company’s stock valued at $783,963,000 after buying an additional 517,091 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Delphi Automotive PLC by 25.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,215,563 shares of the company’s stock valued at $799,894,000 after buying an additional 2,308,682 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Delphi Automotive PLC by 2.9% in the second quarter. Artisan Partners Limited Partnership now owns 9,569,916 shares of the company’s stock valued at $599,077,000 after buying an additional 266,258 shares in the last quarter. Finally, Longview Partners Guernsey LTD boosted its position in shares of Delphi Automotive PLC by 2.2% in the third quarter. Longview Partners Guernsey LTD now owns 9,213,828 shares of the company’s stock valued at $657,130,000 after buying an additional 196,157 shares in the last quarter. Institutional investors and hedge funds own 93.69% 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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