KeyCorp reiterated their buy rating on shares of Delphi Automotive PLC (NYSE:DLPH) in a research note released on Sunday. KeyCorp currently has a $100.00 price target on the auto parts company’s stock.
A number of other analysts have also recently issued reports on DLPH. Piper Jaffray Companies set a $112.00 target price on Delphi Automotive PLC and gave the company a buy rating in a research report on Friday, August 11th. Deutsche Bank AG upped their target price on Delphi Automotive PLC from $99.00 to $107.00 and gave the company a buy rating in a research report on Thursday, August 3rd. BMO Capital Markets upped their target price on Delphi Automotive PLC from $104.00 to $110.00 and gave the company an outperform rating in a research report on Friday, August 4th. BidaskClub raised Delphi Automotive PLC from a sell rating to a hold rating in a research report on Thursday, August 24th. Finally, Wells Fargo & Company reissued an outperform rating and issued a $95.00 target price on shares of Delphi Automotive PLC in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $94.53.
Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 100.19 on Friday. The firm has a 50-day moving average price of $94.36 and a 200-day moving average price of $86.35. The stock has a market capitalization of $26.74 billion, a PE ratio of 21.20 and a beta of 1.35. Delphi Automotive PLC has a 1-year low of $60.50 and a 1-year high of $100.50.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.06. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 EPS. On average, equities research analysts forecast that Delphi Automotive PLC will post $6.69 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, August 7th. Delphi Automotive PLC’s dividend payout ratio is currently 24.58%.
In other Delphi Automotive PLC news, SVP Vos Glen W. De sold 2,100 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $91.35, for a total transaction of $191,835.00. Following the sale, the senior vice president now owns 22,994 shares in the company, valued at approximately $2,100,501.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Joseph R. Massaro sold 3,000 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $85.79, for a total value of $257,370.00. Following the sale, the chief financial officer now owns 55,779 shares in the company, valued at approximately $4,785,280.41. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Delphi Automotive PLC by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,839,159 shares of the auto parts company’s stock valued at $1,914,202,000 after buying an additional 382,272 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Delphi Automotive PLC by 2.5% during the second quarter. BlackRock Inc. now owns 17,315,076 shares of the auto parts company’s stock worth $1,517,667,000 after purchasing an additional 422,074 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Delphi Automotive PLC by 3.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 16,841,567 shares of the auto parts company’s stock worth $1,355,577,000 after purchasing an additional 552,921 shares during the last quarter. Longview Partners Guernsey LTD boosted its holdings in shares of Delphi Automotive PLC by 3.2% during the second quarter. Longview Partners Guernsey LTD now owns 9,772,666 shares of the auto parts company’s stock worth $856,574,000 after purchasing an additional 300,071 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Delphi Automotive PLC by 705.4% during the second quarter. Janus Henderson Group PLC now owns 5,504,770 shares of the auto parts company’s stock worth $482,510,000 after purchasing an additional 4,821,278 shares during the last quarter. Hedge funds and other institutional investors own 90.09% of the company’s stock.
About Delphi Automotive PLC
Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.
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