Delphi Automotive PLC (DLPH) Downgraded by BidaskClub

BidaskClub lowered shares of Delphi Automotive PLC (NYSE:DLPH) from a hold rating to a sell rating in a research note published on Saturday.

Several other research firms also recently commented on DLPH. Bank of America Corporation lifted their price objective on Delphi Automotive PLC from $95.00 to $110.00 and gave the stock a neutral rating in a report on Tuesday, September 26th. Piper Jaffray Companies reiterated an overweight rating and issued a $112.00 price objective on shares of Delphi Automotive PLC in a report on Monday, September 25th. Cowen and Company assumed coverage on Delphi Automotive PLC in a report on Monday, September 25th. They issued an outperform rating and a $120.00 price objective for the company. KeyCorp reiterated a buy rating and issued a $100.00 price objective on shares of Delphi Automotive PLC in a report on Sunday, September 17th. Finally, UBS AG downgraded Delphi Automotive PLC from a buy rating to a neutral rating and set a $102.00 price objective for the company. in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Delphi Automotive PLC has a consensus rating of Buy and an average target price of $103.98.

Shares of Delphi Automotive PLC (NYSE DLPH) opened at $95.57 on Friday. Delphi Automotive PLC has a twelve month low of $60.50 and a twelve month high of $104.09. The company has a market capitalization of $25,331.88, a PE ratio of 14.03, a P/E/G ratio of 1.11 and a beta of 1.37. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.62 and a quick ratio of 1.22.

Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.56 by $0.10. Delphi Automotive PLC had a return on equity of 57.92% and a net margin of 8.00%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period last year, the company earned $1.50 EPS. Delphi Automotive PLC’s revenue for the quarter was up 5.9% on a year-over-year basis. analysts predict that Delphi Automotive PLC will post 6.77 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.21%. Delphi Automotive PLC’s payout ratio is currently 22.61%.

In related news, Director Gary L. Cowger sold 8,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $98.43, for a total value of $836,655.00. Following the transaction, the director now directly owns 29,960 shares of the company’s stock, valued at approximately $2,948,962.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas W. Sidlik sold 8,475 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $103.19, for a total value of $874,535.25. Following the completion of the transaction, the director now directly owns 10,564 shares in the company, valued at $1,090,099.16. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. State Treasurer State of Michigan increased its stake in Delphi Automotive PLC by 215.4% in the 3rd quarter. State Treasurer State of Michigan now owns 277,622 shares of the auto parts company’s stock worth $27,318,000 after acquiring an additional 189,600 shares during the last quarter. Swiss National Bank increased its stake in 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 worth $86,326,000 after acquiring an additional 25,200 shares during the last quarter. Private Advisor Group LLC increased its stake in 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 worth $579,000 after acquiring an additional 1,135 shares during the last quarter. Atwood & Palmer Inc. increased its stake in 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 worth $18,182,000 after acquiring an additional 2,552 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Delphi Automotive PLC by 6.5% in the 2nd quarter. Franklin Resources Inc. now owns 3,043,302 shares of the auto parts company’s stock worth $266,735,000 after acquiring an additional 185,147 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Delphi Automotive PLC (NYSE:DLPH)

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