Jefferies Group Initiates Coverage on Delphi Automotive PLC (DLPH)
Jefferies Group initiated coverage on shares of Delphi Automotive PLC (NYSE:DLPH) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the stock.
Other equities research analysts also recently issued reports about the company. Barclays PLC cut their price target on Delphi Automotive PLC from $85.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, August 4th. Morgan Stanley downgraded Delphi Automotive PLC from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $74.00 to $59.00 in a research report on Tuesday. Deutsche Bank AG increased their price target on Delphi Automotive PLC from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Citigroup Inc. cut their price target on Delphi Automotive PLC from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Finally, Bank of America Corp. downgraded Delphi Automotive PLC from a “buy” rating to an “underperform” rating and cut their price target for the stock from $80.00 to $60.00 in a research report on Wednesday, November 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.90.
Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 63.44 on Wednesday. The stock has a 50 day moving average price of $66.33 and a 200 day moving average price of $67.11. The company has a market capitalization of $17.18 billion, a PE ratio of 14.97 and a beta of 1.43. Delphi Automotive PLC has a one year low of $55.59 and a one year high of $88.89.
Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Wednesday, November 2nd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.07. Delphi Automotive PLC had a return on equity of 58.26% and a net margin of 7.20%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the prior year, the firm earned $1.28 EPS. The firm’s revenue was up 12.7% on a year-over-year basis. On average, equities research analysts predict that Delphi Automotive PLC will post $6.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Monday, November 7th. Delphi Automotive PLC’s dividend payout ratio (DPR) is 27.49%.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. acquired a new position in Delphi Automotive PLC during the second quarter worth $151,586,000. Price T Rowe Associates Inc. MD raised its position in 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 worth $799,894,000 after buying an additional 2,308,682 shares during the period. Tesco Pension Investment Ltd acquired a new position in Delphi Automotive PLC during the third quarter worth $147,140,000. Lazard Asset Management LLC raised its position in Delphi Automotive PLC by 38.1% in the third quarter. Lazard Asset Management LLC now owns 6,512,309 shares of the company’s stock worth $464,457,000 after buying an additional 1,797,659 shares during the period. Finally, Alliancebernstein L.P. raised its position in 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. 93.69% of the stock is currently owned by institutional investors and hedge funds.
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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