Delphi Automotive PLC (DLPH) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Delphi Automotive PLC (NYSE:DLPH) have been assigned an average recommendation of “Buy” from the twenty-two brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $94.92.

DLPH has been the topic of several research analyst reports. Morgan Stanley lowered their price objective on shares of Delphi Automotive PLC from $80.00 to $78.00 and set an “underweight” rating on the stock in a research report on Friday, June 9th. BidaskClub cut shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Raymond James Financial, Inc. initiated coverage on shares of Delphi Automotive PLC in a research report on Thursday, June 15th. They set an “outperform” rating and a $95.00 price objective on the stock. Bank of America Corporation reiterated an “underperform” rating and set a $90.00 price objective (down from $95.00) on shares of Delphi Automotive PLC in a research report on Friday, June 16th. Finally, Guggenheim initiated coverage on shares of Delphi Automotive PLC in a research report on Wednesday, June 21st. They set a “buy” rating and a $104.00 price objective on the stock.

In related news, SVP Vos Glen W. De sold 2,100 shares of Delphi Automotive PLC stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $91.35, for a total value of $191,835.00. Following the completion of the sale, the senior vice president now owns 22,994 shares of the company’s stock, valued at approximately $2,100,501.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank lifted its stake in shares of Delphi Automotive PLC by 2.6% in the 2nd quarter. Swiss National Bank now owns 984,900 shares of the auto parts company’s stock valued at $86,326,000 after purchasing an additional 25,200 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Delphi Automotive PLC by 45.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,750,370 shares of the auto parts company’s stock valued at $140,888,000 after purchasing an additional 545,896 shares during the last quarter. Atwood & Palmer Inc. lifted its stake in shares of Delphi Automotive PLC by 1.2% in the 2nd quarter. Atwood & Palmer Inc. now owns 207,435 shares of the auto parts company’s stock valued at $18,182,000 after purchasing an additional 2,552 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Delphi Automotive PLC by 21.7% in the 2nd quarter. Private Advisor Group LLC now owns 6,367 shares of the auto parts company’s stock valued at $579,000 after purchasing an additional 1,135 shares during the last quarter. Finally, Patten Group Inc. lifted its stake in shares of Delphi Automotive PLC by 3.3% in the 1st quarter. Patten Group Inc. now owns 24,207 shares of the auto parts company’s stock valued at $1,819,000 after purchasing an additional 771 shares during the last quarter. 90.09% of the stock is owned by institutional investors and hedge funds.

Delphi Automotive PLC (NYSE:DLPH) opened at 102.78 on Friday. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $102.95. The firm’s 50 day moving average price is $94.96 and its 200-day moving average price is $86.83. The stock has a market cap of $27.43 billion, a price-to-earnings ratio of 21.75 and a beta of 1.35.

Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings results 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. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the business posted $1.59 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts expect that Delphi Automotive PLC will post $6.69 EPS for the current year.

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Delphi Automotive PLC Company Profile

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.

Analyst Recommendations for Delphi Automotive PLC (NYSE:DLPH)

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