Delphi Technologies (NYSE:DLPH) was upgraded by equities researchers at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut Delphi Technologies from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Buckingham Research upgraded Delphi Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $30.00 in a research report on Friday, February 22nd. KeyCorp upgraded Delphi Technologies from an “underweight” rating to a “sector weight” rating and set a $19.02 price target for the company in a research report on Monday, March 18th. Seaport Global Securities began coverage on Delphi Technologies in a research report on Wednesday, February 13th. They set a “neutral” rating for the company. Finally, Morgan Stanley set a $21.00 price target on Delphi Technologies and gave the stock a “hold” rating in a research report on Tuesday, February 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.57.
Delphi Technologies stock opened at $17.79 on Thursday. The company has a market capitalization of $1.63 billion, a PE ratio of 4.06, a price-to-earnings-growth ratio of 0.65 and a beta of 2.51. Delphi Technologies has a 12 month low of $13.18 and a 12 month high of $53.60. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.40 and a quick ratio of 0.99.
Delphi Technologies (NYSE:DLPH) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.14. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Delphi Technologies had a return on equity of 81.93% and a net margin of 5.86%. The business’s revenue was down 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 earnings per share. As a group, equities analysts predict that Delphi Technologies will post 3.17 EPS for the current fiscal year.
In other Delphi Technologies news, SVP David M. Sherbin sold 19,689 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $86.79, for a total transaction of $1,708,808.31. Following the transaction, the senior vice president now owns 90,540 shares of the company’s stock, valued at $7,857,966.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlueMountain Capital Management LLC increased its holdings in Delphi Technologies by 1,790.3% during the 1st quarter. BlueMountain Capital Management LLC now owns 101,549 shares of the company’s stock worth $1,956,000 after purchasing an additional 96,177 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in Delphi Technologies during the 1st quarter worth about $1,552,000. Morgan Stanley increased its holdings in Delphi Technologies by 225.8% during the 1st quarter. Morgan Stanley now owns 2,744,873 shares of the company’s stock worth $52,866,000 after purchasing an additional 1,902,299 shares during the period. Hsbc Holdings PLC purchased a new stake in Delphi Technologies during the 1st quarter worth about $2,968,000. Finally, Wellington Management Group LLP increased its holdings in Delphi Technologies by 167.1% during the 1st quarter. Wellington Management Group LLP now owns 2,627,560 shares of the company’s stock worth $50,606,000 after purchasing an additional 1,643,748 shares during the period. 84.43% of the stock is currently owned by institutional investors.
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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