Delphi Technologies (NYSE:DLPH) had its price objective upped by Robert W. Baird from $67.00 to $69.00 in a report published on Tuesday. The firm currently has an outperform rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Delphi Technologies from a hold rating to a buy rating and set a $54.00 price objective for the company in a research report on Thursday, March 22nd. BMO Capital Markets reaffirmed a buy rating and set a $70.00 price objective on shares of Delphi Technologies in a research report on Tuesday, March 6th. Guggenheim reaffirmed a buy rating and set a $65.00 price objective on shares of Delphi Technologies in a research report on Friday, February 23rd. Morgan Stanley cut shares of Delphi Technologies from an overweight rating to an equal weight rating and set a $51.00 price objective for the company. in a research report on Thursday, March 22nd. Finally, Deutsche Bank upped their price objective on shares of Delphi Technologies from $56.00 to $59.00 and gave the stock a hold rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Delphi Technologies has a consensus rating of Buy and an average price target of $61.22.
DLPH stock opened at $49.56 on Tuesday. Delphi Technologies has a 52 week low of $38.00 and a 52 week high of $60.39. The company has a current ratio of 1.47, a quick ratio of 1.12 and a debt-to-equity ratio of 6.53.
Delphi Technologies (NYSE:DLPH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.13. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.19 billion. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. equities analysts anticipate that Delphi Technologies will post 4.8 earnings per share for the current year.
In other news, SVP David Paja sold 6,287 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total value of $578,906.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy Manganello bought 15,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $48.80 per share, with a total value of $732,000.00. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Kendall Capital Management bought a new position in shares of Delphi Technologies in the fourth quarter worth about $203,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Delphi Technologies in the fourth quarter worth about $263,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Delphi Technologies by 26.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,142 shares of the company’s stock worth $505,000 after acquiring an additional 1,067 shares during the last quarter. Investment House LLC bought a new position in shares of Delphi Technologies in the fourth quarter worth about $349,000. Finally, Slow Capital Inc. bought a new position in shares of Delphi Technologies in the fourth quarter worth about $368,000. 86.27% of the stock is owned by hedge funds and other institutional investors.
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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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