BidaskClub Downgrades Delphi Automotive PLC (NYSE:DLPH) to Sell

BidaskClub downgraded shares of Delphi Automotive PLC (NYSE:DLPH) from a hold rating to a sell rating in a research note published on Saturday, November 11th.

Several other brokerages have also commented on DLPH. Citigroup Inc. raised their price objective on shares of Delphi Automotive PLC from $105.00 to $115.00 and gave the stock a buy rating in a report on Monday, October 2nd. UBS AG reiterated a buy rating and set a $102.00 target price on shares of Delphi Automotive PLC in a report on Thursday, September 28th. Piper Jaffray Companies set a $112.00 target price on shares of Delphi Automotive PLC and gave the company a buy rating in a report on Friday, August 11th. Wells Fargo & Company lifted their target price on shares of Delphi Automotive PLC from $105.00 to $109.00 and gave the company an outperform rating in a report on Friday, September 29th. Finally, KeyCorp reissued a buy rating and set a $100.00 price target on shares of Delphi Automotive PLC in a research report on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $102.59.

Delphi Automotive PLC (NYSE:DLPH) opened at $100.78 on Friday. The company has a market capitalization of $26,791.34, a price-to-earnings ratio of 14.84, a P/E/G ratio of 1.17 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 has a 12 month low of $60.50 and a 12 month high of $104.09.

Delphi Automotive PLC (NYSE:DLPH) last announced its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same period last year, the firm earned $1.50 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities analysts forecast that Delphi Automotive PLC will post 6.77 EPS for the current year.

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The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, November 7th. Delphi Automotive PLC’s dividend payout ratio (DPR) is 22.61%.

In other Delphi Automotive PLC news, Director Gary L. Cowger sold 8,500 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $98.43, for a total value of $836,655.00. Following the sale, the director now owns 29,960 shares in the company, valued at approximately $2,948,962.80. The sale was disclosed in a 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 dated Monday, September 25th. The stock was sold at an average price of $103.19, for a total transaction of $874,535.25. Following the completion of the sale, the director now 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.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Delphi Automotive PLC by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,839,159 shares of the auto parts company’s stock valued at $1,914,202,000 after purchasing an additional 382,272 shares during the last quarter. BlackRock Inc. grew its stake in Delphi Automotive PLC by 2.5% in the 2nd quarter. BlackRock Inc. now owns 17,315,076 shares of the auto parts company’s stock worth $1,517,667,000 after acquiring an additional 422,074 shares in the last quarter. Longview Partners Guernsey LTD lifted its position in shares of Delphi Automotive PLC by 4.5% in the 3rd quarter. Longview Partners Guernsey LTD now owns 10,211,866 shares of the auto parts company’s stock worth $1,004,848,000 after purchasing an additional 439,200 shares during the period. Janus Henderson Group PLC lifted its position in shares of Delphi Automotive PLC by 705.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,504,770 shares of the auto parts company’s stock worth $482,510,000 after purchasing an additional 4,821,278 shares during the period. Finally, Artisan Partners Limited Partnership lifted its position in shares of Delphi Automotive PLC by 24.0% in the 3rd quarter. Artisan Partners Limited Partnership now owns 5,501,468 shares of the auto parts company’s stock worth $541,344,000 after purchasing an additional 1,066,438 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Delphi Automotive PLC Company Profile

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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