Guggenheim restated their buy rating on shares of Delphi Technologies (NYSE:DLPH) in a research report sent to investors on Thursday morning. The brokerage currently has a $54.00 target price on the stock.
A number of other research analysts have also issued reports on DLPH. Zacks Investment Research lowered shares of Delphi Technologies from a buy rating to a hold rating in a report on Thursday, April 12th. Cowen initiated coverage on shares of Delphi Technologies in a report on Monday, April 16th. They issued an outperform rating and a $64.00 price objective for the company. Robert W. Baird raised their price objective on shares of Delphi Technologies from $67.00 to $69.00 and gave the company an outperform rating in a report on Tuesday, April 17th. Morgan Stanley raised their price objective on shares of Delphi Technologies from $51.00 to $55.00 and gave the company a hold rating in a report on Wednesday, May 23rd. Finally, Oppenheimer initiated coverage on shares of Delphi Technologies in a report on Thursday, June 14th. They issued a market perform rating for the company. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $55.55.
Shares of Delphi Technologies traded down $0.82, reaching $40.91, on Thursday, Marketbeat Ratings reports. The company had a trading volume of 907,347 shares, compared to its average volume of 852,824. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.59 and a quick ratio of 1.15. Delphi Technologies has a one year low of $38.00 and a one year high of $60.39.
Delphi Technologies (NYSE:DLPH) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.27 billion. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.35 EPS. analysts anticipate that Delphi Technologies will post 4.8 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Tuesday, August 7th will be issued a $0.17 dividend. The ex-dividend date is Monday, August 6th. This represents a $0.68 dividend on an annualized basis and a yield of 1.66%. Delphi Technologies’s dividend payout ratio (DPR) is presently 13.20%.
In other Delphi Technologies news, Director Mark P. Frissora sold 7,826 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $102.59, for a total transaction of $802,869.34. Following the completion of the transaction, the director now owns 1,957 shares in the company, valued at approximately $200,768.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Advisors Preferred LLC raised its holdings in Delphi Technologies by 908.1% during the 2nd quarter. Advisors Preferred LLC now owns 2,621 shares of the company’s stock worth $119,000 after purchasing an additional 2,361 shares during the last quarter. Perigon Wealth Management LLC bought a new position in Delphi Technologies during the 1st quarter worth approximately $197,000. Signition LP bought a new position in Delphi Technologies during the 2nd quarter worth approximately $205,000. Brown Advisory Inc. bought a new position in Delphi Technologies during the 1st quarter worth approximately $216,000. Finally, Diamond Hill Capital Management Inc. bought a new position in Delphi Technologies during the 1st quarter worth approximately $218,000. Hedge funds and other institutional investors own 83.28% 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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