Cowen assumed coverage on shares of Delphi Technologies (NYSE:DLPH) in a research report report published on Monday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $64.00 price target on the stock.
Other equities analysts have also recently issued research reports about the company. Morgan Stanley cut Delphi Technologies from an overweight rating to an equal weight rating and set a $51.00 target price on the stock. in a research note on Thursday, March 22nd. BMO Capital Markets reaffirmed a buy rating and set a $70.00 target price on shares of Delphi Technologies in a research note on Tuesday, March 6th. Zacks Investment Research cut Delphi Technologies from a buy rating to a hold rating in a research note on Thursday, April 12th. Royal Bank of Canada reaffirmed an outperform rating and set a $60.00 target price on shares of Delphi Technologies in a research note on Wednesday, February 28th. Finally, Deutsche Bank lifted their target price on Delphi Technologies from $56.00 to $59.00 and gave the company a hold rating in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $61.22.
NYSE:DLPH opened at $50.20 on Monday. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.12 and a current ratio of 1.47. Delphi Technologies has a fifty-two week low of $38.00 and a fifty-two week high of $60.39. The stock has a market cap of $4,416.48 and a price-to-earnings ratio of 9.75.
Delphi Technologies (NYSE:DLPH) last released its earnings results on Wednesday, February 21st. The company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.13. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.19 billion. The firm’s revenue was up 12.5% on a year-over-year basis. equities analysts forecast that Delphi Technologies will post 4.78 earnings per share for the current fiscal year.
In other news, SVP David Paja sold 6,287 shares of Delphi Technologies stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $92.08, for a total transaction of $578,906.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank J. Dellaquila purchased 500 shares of Delphi Technologies stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $86.50 per share, with a total value of $43,250.00. Following the completion of the acquisition, the director now owns 2,247 shares in the company, valued at $194,365.50. The disclosure for this purchase can be found here. 0.12% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of DLPH. Dimensional Fund Advisors LP lifted its holdings in Delphi Technologies by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 668,331 shares of the company’s stock worth $65,761,000 after purchasing an additional 2,221 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Delphi Technologies by 26.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,142 shares of the company’s stock worth $505,000 after purchasing an additional 1,067 shares during the last quarter. Shelton Capital Management acquired a new stake in Delphi Technologies in the 3rd quarter worth approximately $214,000. Oxbow Advisors LLC acquired a new stake in Delphi Technologies in the 4th quarter worth approximately $681,000. Finally, Mutual of America Capital Management LLC lifted its holdings in Delphi Technologies by 132.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 73,044 shares of the company’s stock worth $3,833,000 after purchasing an additional 41,601 shares during the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.
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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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