Delphi Technologies PLC (NYSE:DLPH) Receives Average Rating of “Hold” from Analysts

Delphi Technologies PLC (NYSE:DLPH) has received a consensus recommendation of “Hold” from the eighteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $23.64.

A number of analysts recently commented on the stock. Credit Suisse Group assumed coverage on shares of Delphi Technologies in a report on Wednesday, June 26th. They set a “neutral” rating and a $21.00 price objective on the stock. Cowen set a $26.00 price objective on shares of Delphi Technologies and gave the stock a “buy” rating in a report on Friday, July 19th. Goldman Sachs Group raised shares of Delphi Technologies from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $25.00 to $24.00 in a report on Thursday, June 13th. UBS Group decreased their price objective on shares of Delphi Technologies from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Morgan Stanley set a $19.00 price objective on shares of Delphi Technologies and gave the stock a “hold” rating in a report on Wednesday, June 26th.

Shares of NYSE:DLPH traded up $0.18 during midday trading on Friday, hitting $17.32. The stock had a trading volume of 924,131 shares, compared to its average volume of 1,365,466. The company has a market capitalization of $1.50 billion, a PE ratio of 3.95, a P/E/G ratio of 0.71 and a beta of 2.94. The stock has a 50 day moving average price of $15.24 and a two-hundred day moving average price of $18.84. The company has a current ratio of 1.35, a quick ratio of 0.93 and a debt-to-equity ratio of 2.95. Delphi Technologies has a 1 year low of $12.26 and a 1 year high of $36.73.

Delphi Technologies (NYSE:DLPH) last issued its earnings results on Thursday, August 1st. The company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.04). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Delphi Technologies had a net margin of 4.72% and a return on equity of 59.52%. The firm’s revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 EPS. As a group, equities analysts expect that Delphi Technologies will post 2.71 EPS for the current year.

In other Delphi Technologies news, CAO Allan J. Brazier sold 4,752 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $90.00, for a total value of $427,680.00. Following the sale, the chief accounting officer now owns 21,050 shares of the company’s stock, valued at $1,894,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of Delphi Technologies by 11.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 712,912 shares of the company’s stock valued at $10,209,000 after buying an additional 73,317 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Delphi Technologies in the first quarter valued at approximately $248,000. SG Americas Securities LLC raised its position in shares of Delphi Technologies by 66.2% in the first quarter. SG Americas Securities LLC now owns 13,744 shares of the company’s stock valued at $265,000 after buying an additional 5,474 shares during the last quarter. Rhumbline Advisers raised its position in shares of Delphi Technologies by 1.9% in the first quarter. Rhumbline Advisers now owns 138,860 shares of the company’s stock valued at $2,674,000 after buying an additional 2,623 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in shares of Delphi Technologies by 3.8% in the first quarter. Texas Permanent School Fund now owns 60,085 shares of the company’s stock valued at $1,157,000 after buying an additional 2,177 shares during the last quarter. 86.37% of the stock is currently owned by institutional investors.

Delphi Technologies Company Profile

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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Analyst Recommendations for Delphi Technologies (NYSE:DLPH)

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