Delphi Technologies (NYSE:DLPH) Given New $19.00 Price Target at UBS Group
Delphi Technologies (NYSE:DLPH) had its price target decreased by UBS Group from $20.00 to $19.00 in a report published on Thursday, BenzingaRatingsTable reports. UBS Group currently has a neutral rating on the stock.
DLPH has been the subject of several other research reports. Cowen set a $26.00 price target on shares of Delphi Technologies and gave the stock a buy rating in a research note on Friday, July 19th. Credit Suisse Group began coverage on shares of Delphi Technologies in a report on Wednesday, June 26th. They issued a neutral rating and a $21.00 price objective for the company. Goldman Sachs Group raised shares of Delphi Technologies from a neutral rating to a buy rating and cut their price objective for the stock from $25.00 to $24.00 in a report on Thursday, June 13th. Finally, Morgan Stanley set a $19.00 price objective on shares of Delphi Technologies and gave the stock a hold rating in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Delphi Technologies has a consensus rating of Hold and a consensus target price of $23.64.
Shares of DLPH stock traded up $0.26 during trading hours on Thursday, hitting $17.40. 54,602 shares of the company were exchanged, compared to its average volume of 1,361,824. The firm has a fifty day simple moving average of $15.27 and a 200 day simple moving average of $18.87. The company has a current ratio of 1.35, a quick ratio of 0.93 and a debt-to-equity ratio of 2.95. Delphi Technologies has a 52-week low of $12.26 and a 52-week high of $36.73. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 3.97, a P/E/G ratio of 0.71 and a beta of 2.94.
In related news, CAO Allan J. Brazier sold 4,752 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $90.00, for a total value of $427,680.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,050 shares of the company’s stock, valued at approximately $1,894,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the business. Atria Investments LLC bought a new position in Delphi Technologies in the 2nd quarter valued at $306,000. Royal Bank of Canada boosted its holdings in Delphi Technologies by 25.0% in the 2nd quarter. Royal Bank of Canada now owns 238,750 shares of the company’s stock valued at $4,775,000 after purchasing an additional 47,817 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Delphi Technologies by 463.8% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,790 shares of the company’s stock valued at $115,000 after purchasing an additional 4,763 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Delphi Technologies by 87.3% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 71,763 shares of the company’s stock valued at $5,979,000 after purchasing an additional 33,446 shares during the period. Finally, Nuveen Asset Management LLC bought a new position in Delphi Technologies in the 2nd quarter valued at $32,863,000. 86.37% of the stock is owned by hedge funds and other institutional investors.
About Delphi Technologies
Delphi Technologies PLC engages in the design, development, and manufacture of integrated powertrain technologies worldwide. The company operates through two segments, Powertrain Systems and Delphi Technologies Aftermarket. The Powertrain Systems segment provides fuel injection systems, as well as other powertrain products comprising valvetrain, fuel delivery modules, ignition coils, canisters, sensors, valves, and actuators; and electronic control modules with the corresponding software, algorithms, and calibration that provide centralized management of various powertrain components.
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