A number of other equities research analysts also recently weighed in on the company. Morgan Stanley dropped their target price on Delphi Technologies from $14.00 to $10.00 and set an equal weight rating for the company in a research report on Thursday, November 21st. Oppenheimer cut Delphi Technologies from an outperform rating to a market perform rating and set a $20.00 price target on the stock. in a report on Friday, November 1st. Royal Bank of Canada set a $13.00 price objective on Delphi Technologies and gave the stock a hold rating in a report on Friday, November 1st. UBS Group cut their target price on shares of Delphi Technologies from $20.00 to $19.00 and set a neutral rating on the stock in a research report on Thursday, September 12th. Finally, Guggenheim started coverage on shares of Delphi Technologies in a research note on Tuesday, October 15th. They issued a neutral rating on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Delphi Technologies presently has an average rating of Hold and a consensus price target of $20.14.
DLPH opened at $12.10 on Tuesday. Delphi Technologies has a one year low of $10.85 and a one year high of $26.82. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.35 and a quick ratio of 0.93. The company’s 50 day simple moving average is $12.94 and its 200-day simple moving average is $15.39. The stock has a market capitalization of $1.07 billion, a P/E ratio of 2.76, a price-to-earnings-growth ratio of 0.60 and a beta of 2.91.
Delphi Technologies (NYSE:DLPH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, hitting the consensus estimate of $0.56. Delphi Technologies had a net margin of 4.29% and a return on equity of 52.54%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company posted $0.72 EPS. Delphi Technologies’s revenue was down 10.9% on a year-over-year basis. As a group, analysts anticipate that Delphi Technologies will post 2.3 EPS for the current year.
In other news, CFO Joseph R. Massaro sold 2,800 shares of Delphi Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $89.56, for a total transaction of $250,768.00. Following the transaction, the chief financial officer now owns 118,335 shares in the company, valued at approximately $10,598,082.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Allan J. Brazier sold 4,752 shares of Delphi Technologies 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 transaction, the chief accounting officer now owns 21,050 shares in the company, valued at approximately $1,894,500. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of DLPH. US Bancorp DE lifted its holdings in shares of Delphi Technologies by 32.7% in the second quarter. US Bancorp DE now owns 4,847 shares of the company’s stock valued at $97,000 after purchasing an additional 1,195 shares in the last quarter. Neuburgh Advisers LLC grew its holdings in shares of Delphi Technologies by 16.6% during the second quarter. Neuburgh Advisers LLC now owns 9,776 shares of the company’s stock worth $196,000 after buying an additional 1,392 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Delphi Technologies by 1.6% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 91,320 shares of the company’s stock valued at $1,826,000 after buying an additional 1,450 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Delphi Technologies by 12.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,199 shares of the company’s stock valued at $177,000 after buying an additional 1,474 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its stake in Delphi Technologies by 16.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,800 shares of the company’s stock valued at $216,000 after acquiring an additional 1,500 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.
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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