Delphi Technologies (NYSE:DLPH) had its target price dropped by research analysts at Buckingham Research from $27.00 to $20.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the stock. Buckingham Research’s target price suggests a potential upside of 10.31% from the stock’s current price.
Several other research firms also recently issued reports on DLPH. Zacks Investment Research downgraded shares of Delphi Technologies from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. Oppenheimer upgraded shares of Delphi Technologies from a “market perform” rating to an “outperform” rating and set a $53.00 price objective for the company in a research note on Monday, July 23rd. UBS Group upgraded shares of Delphi Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, July 23rd. Robert W. Baird decreased their target price on shares of Delphi Technologies from $65.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, August 9th. Finally, BMO Capital Markets set a $60.00 target price on shares of Delphi Technologies and gave the company a “buy” rating in a research note on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $37.50.
DLPH opened at $18.13 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.59 and a debt-to-equity ratio of 4.68. Delphi Technologies has a 52-week low of $18.12 and a 52-week high of $60.39. The company has a market cap of $1.79 billion and a price-to-earnings ratio of 3.52.
Delphi Technologies (NYSE:DLPH) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). Delphi Technologies had a return on equity of 142.27% and a net margin of 5.61%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Delphi Technologies’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, research analysts predict that Delphi Technologies will post 4.23 earnings per share for the current fiscal year.
In related news, Director Frank J. Dellaquila acquired 750 shares of Delphi Technologies stock in a transaction on Thursday, August 23rd. The shares were purchased at an average cost of $89.00 per share, for a total transaction of $66,750.00. Following the purchase, the director now directly owns 4,818 shares of the company’s stock, valued at approximately $428,802. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief financial officer now owns 91,734 shares in the company, valued at $7,911,140.16. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DLPH. Dimensional Fund Advisors LP boosted its stake in Delphi Technologies by 146.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 474,812 shares of the company’s stock valued at $22,625,000 after acquiring an additional 282,515 shares during the last quarter. Royal Bank of Canada boosted its stake in Delphi Technologies by 21.7% during the 1st quarter. Royal Bank of Canada now owns 71,068 shares of the company’s stock valued at $3,387,000 after acquiring an additional 12,651 shares during the last quarter. Brown Advisory Inc. bought a new position in Delphi Technologies during the 1st quarter valued at $216,000. Bank of Montreal Can boosted its stake in Delphi Technologies by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 468,036 shares of the company’s stock valued at $21,277,000 after acquiring an additional 5,786 shares during the last quarter. Finally, Cambiar Investors LLC bought a new position in Delphi Technologies during the 2nd quarter valued at $4,523,000. Hedge funds and other institutional investors own 82.84% of the company’s stock.
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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