Delphi Technologies (DLPH) Now Covered by Jefferies Financial Group

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Jefferies Financial Group initiated coverage on shares of Delphi Technologies (NYSE:DLPH) in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $19.00 target price on the stock. Jefferies Financial Group also issued estimates for Delphi Technologies’ Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $4.25 EPS, Q1 2019 earnings at $0.82 EPS, Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.82 EPS, Q4 2019 earnings at $0.91 EPS, FY2019 earnings at $3.41 EPS and FY2020 earnings at $4.07 EPS.

A number of other equities analysts have also weighed in on the stock. Morgan Stanley dropped their target price on shares of Delphi Technologies from $30.00 to $20.00 and set a hold rating for the company in a research report on Wednesday, November 14th. Buckingham Research dropped their target price on shares of Delphi Technologies from $27.00 to $20.00 and set a hold rating for the company in a research report on Thursday, November 8th. BMO Capital Markets set a $26.00 target price on shares of Delphi Technologies and gave the stock a buy rating in a research report on Thursday, November 8th. Royal Bank of Canada dropped their target price on shares of Delphi Technologies from $32.00 to $23.00 and set an outperform rating for the company in a research report on Thursday, November 8th. Finally, Wells Fargo & Co dropped their target price on shares of Delphi Technologies from $33.00 to $29.00 and set an outperform rating for the company in a research report on Thursday, November 8th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Delphi Technologies currently has a consensus rating of Buy and an average target price of $35.60.

Shares of NYSE DLPH opened at $16.29 on Tuesday. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.55 and a quick ratio of 1.11. The firm has a market capitalization of $1.48 billion and a PE ratio of 3.16. Delphi Technologies has a 1 year low of $16.01 and a 1 year high of $60.39.

Delphi Technologies (NYSE:DLPH) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.01). The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Delphi Technologies had a return on equity of 132.68% and a net margin of 5.61%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period last year, the company earned $1.25 earnings per share. As a group, research analysts predict that Delphi Technologies will post 4.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Tuesday, November 6th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, November 5th. This represents a $0.68 annualized dividend and a yield of 4.17%. Delphi Technologies’s dividend payout ratio (DPR) is currently 13.20%.

In other Delphi Technologies news, CFO Joseph R. Massaro sold 2,800 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $86.24, for a total transaction of $241,472.00. Following the completion of the transaction, the chief financial officer now owns 91,734 shares in the company, valued at $7,911,140.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin J. Adams acquired 5,000 shares of the stock in a transaction on Friday, November 16th. The shares were acquired at an average price of $16.79 per share, with a total value of $83,950.00. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Advisors Preferred LLC lifted its position in Delphi Technologies by 908.1% during the second quarter. Advisors Preferred LLC now owns 2,621 shares of the company’s stock valued at $119,000 after purchasing an additional 2,361 shares during the last quarter. Bell Rock Capital LLC purchased a new stake in shares of Delphi Technologies in the third quarter valued at $122,000. Signition LP purchased a new stake in shares of Delphi Technologies in the second quarter valued at $205,000. Itau Unibanco Holding S.A. raised its stake in shares of Delphi Technologies by 753.7% in the second quarter. Itau Unibanco Holding S.A. now owns 4,516 shares of the company’s stock valued at $205,000 after acquiring an additional 3,987 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake in shares of Delphi Technologies by 4,307.2% in the third quarter. Rehmann Capital Advisory Group now owns 4,892 shares of the company’s stock valued at $156,000 after acquiring an additional 4,781 shares during the period. Institutional investors and hedge funds own 88.33% of the company’s stock.

About Delphi Technologies

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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