Barclays PLC Reiterates Overweight Rating for Delphi Automotive PLC (DLPH)

Barclays PLC Reiterates Overweight Rating for Delphi Automotive PLC (DLPH)

Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “overweight” rating reissued by stock analysts at Barclays PLC in a research report issued on Monday. They currently have a $87.00 target price on the stock. Barclays PLC’s price objective would indicate a potential upside of 17.39% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Citigroup Inc. reaffirmed a “buy” rating on shares of Delphi Automotive PLC in a research note on Thursday, December 22nd. Vetr raised Delphi Automotive PLC from a “hold” rating to a “buy” rating and set a $72.74 price objective on the stock in a research note on Wednesday, December 21st. Jefferies Group LLC started coverage on Delphi Automotive PLC in a research note on Wednesday, November 30th. They issued a “buy” rating and a $80.00 price objective on the stock. Zacks Investment Research raised Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research note on Friday, November 4th. Finally, Berenberg Bank began coverage on Delphi Automotive PLC in a research report on Tuesday, November 22nd. They set a “hold” rating and a $70.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $82.74.

Shares of Delphi Automotive PLC (NYSE:DLPH) traded down 0.62% during mid-day trading on Monday, reaching $73.65. The company had a trading volume of 292,713 shares. The firm has a 50-day moving average price of $70.31 and a 200-day moving average price of $68.19. The stock has a market capitalization of $19.91 billion, a price-to-earnings ratio of 16.05 and a beta of 1.29. Delphi Automotive PLC has a 1-year low of $57.39 and a 1-year high of $78.00.

Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Thursday, February 2nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.23. Delphi Automotive PLC had a return on equity of 61.96% and a net margin of 7.54%. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the company posted $1.39 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. Equities analysts expect that Delphi Automotive PLC will post $6.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Monday, February 6th will be paid a $0.29 dividend. The ex-dividend date is Thursday, February 2nd. This is a boost from Delphi Automotive PLC’s previous quarterly dividend of $0.25. This represents a $1.16 dividend on an annualized basis and a yield of 1.57%. Delphi Automotive PLC’s dividend payout ratio (DPR) is 25.38%.

In other Delphi Automotive PLC news, SVP Majdi Abulaban sold 12,854 shares of the stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $67.35, for a total value of $865,716.90. Following the completion of the sale, the senior vice president now directly owns 161,354 shares in the company, valued at $10,867,191.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gary L. Cowger sold 14,500 shares of the stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $69.06, for a total value of $1,001,370.00. Following the completion of the sale, the director now owns 35,203 shares of the company’s stock, valued at $2,431,119.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,354 shares of company stock valued at $2,517,087. 0.36% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its position in shares of Delphi Automotive PLC by 4.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,523,359 shares of the company’s stock worth $783,963,000 after buying an additional 517,091 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Delphi Automotive PLC by 25.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,215,563 shares of the company’s stock worth $799,894,000 after buying an additional 2,308,682 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of Delphi Automotive PLC by 2.9% in the second quarter. Artisan Partners Limited Partnership now owns 9,569,916 shares of the company’s stock worth $599,077,000 after buying an additional 266,258 shares in the last quarter. Longview Partners Guernsey LTD raised its position in shares of Delphi Automotive PLC by 2.2% in the third quarter. Longview Partners Guernsey LTD now owns 9,213,828 shares of the company’s stock worth $657,130,000 after buying an additional 196,157 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Delphi Automotive PLC by 38.1% in the third quarter. Lazard Asset Management LLC now owns 6,512,309 shares of the company’s stock worth $464,457,000 after buying an additional 1,797,659 shares in the last quarter. Institutional investors own 95.55% of the company’s stock.

Delphi Automotive PLC Company Profile

Delphi Automotive PLC is a vehicle components manufacturer. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It serves automotive and commercial vehicle markets. Its Electrical/Electronic Architecture segment includes electrical architecture and component products.

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