Delphi Technologies (DLPH) PT Lowered to $29.00 at Wells Fargo & Co

Delphi Technologies (NYSE:DLPH) had its price target dropped by research analysts at Wells Fargo & Co from $33.00 to $29.00 in a research note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the stock. Wells Fargo & Co’s price target points to a potential upside of 59.96% from the company’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 report on Monday, July 23rd. UBS Group upgraded shares of Delphi Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, July 23rd. Robert W. Baird decreased their price objective on shares of Delphi Technologies from $65.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, August 9th. Finally, BMO Capital Markets set a $60.00 price objective on shares of Delphi Technologies and gave the stock a “buy” rating in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Delphi Technologies currently has a consensus rating of “Hold” and an average price target of $37.50.

DLPH stock opened at $18.13 on Thursday. The firm has a market cap of $1.92 billion and a PE ratio of 3.52. Delphi Technologies has a 52-week low of $18.12 and a 52-week high of $60.39. 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 (NYSE:DLPH) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share. On average, research analysts predict that Delphi Technologies will post 4.22 EPS for the current year.

In other Delphi Technologies news, CFO Joseph R. Massaro sold 2,800 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $86.24, for a total value of $241,472.00. Following the completion of the sale, the chief financial officer now directly owns 91,734 shares in the company, valued at $7,911,140.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank J. Dellaquila purchased 750 shares of Delphi Technologies stock in a transaction on Thursday, August 23rd. The stock was bought at an average price of $89.00 per share, with a total value of $66,750.00. Following the completion of the acquisition, the director now directly owns 4,818 shares of the company’s stock, valued at approximately $428,802. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL grew its holdings in Delphi Technologies by 9.8% in the second quarter. Gamco Investors INC. ET AL now owns 14,441 shares of the company’s stock worth $656,000 after purchasing an additional 1,294 shares during the period. PNC Financial Services Group Inc. grew its holdings in Delphi Technologies by 24.2% in the second quarter. PNC Financial Services Group Inc. now owns 6,660 shares of the company’s stock worth $304,000 after purchasing an additional 1,296 shares during the period. AMP Capital Investors Ltd grew its holdings in Delphi Technologies by 4.0% in the second quarter. AMP Capital Investors Ltd now owns 38,082 shares of the company’s stock worth $1,731,000 after purchasing an additional 1,450 shares during the period. Arizona State Retirement System grew its holdings in Delphi Technologies by 2.9% in the second quarter. Arizona State Retirement System now owns 61,642 shares of the company’s stock worth $2,802,000 after purchasing an additional 1,717 shares during the period. Finally, Olstein Capital Management L.P. grew its holdings in Delphi Technologies by 2.8% in the second quarter. Olstein Capital Management L.P. now owns 74,000 shares of the company’s stock worth $3,364,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 82.84% 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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