Vetr Inc. Downgrades Delphi Automotive PLC (DLPH) to Buy

Delphi Automotive PLC (NYSE:DLPH) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday. They presently have a $84.64 price objective on the stock. Vetr‘s price target indicates a potential upside of 11.37% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Bank of America Corporation lowered shares of Delphi Automotive PLC from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $80.00 to $60.00 in a report on Wednesday, November 9th. KeyCorp restated an “overweight” rating on shares of Delphi Automotive PLC in a report on Monday, January 9th. BMO Capital Markets started coverage on shares of Delphi Automotive PLC in a report on Wednesday, December 21st. They issued an “outperform” rating and a $93.00 target price for the company. Morgan Stanley lowered shares of Delphi Automotive PLC from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $74.00 to $59.00 in a report on Tuesday, November 29th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $87.00 target price (up previously from $83.00) on shares of Delphi Automotive PLC in a report on Thursday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company. Delphi Automotive PLC has an average rating of “Buy” and an average price target of $82.82.

Analyst Recommendations for Delphi Automotive PLC (NYSE:DLPH)

Delphi Automotive PLC (NYSE:DLPH) traded up 2.26% on Monday, reaching $76.00. 2,303,247 shares of the company were exchanged. The firm has a 50-day moving average of $70.86 and a 200 day moving average of $68.31. Delphi Automotive PLC has a 12-month low of $58.04 and a 12-month high of $78.00. The firm has a market capitalization of $20.49 billion, a P/E ratio of 16.56 and a beta of 1.29.

Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Thursday, February 2nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.23. The firm earned $4.31 billion during the quarter, compared to analyst estimates of $4.15 billion. Delphi Automotive PLC had a net margin of 7.54% and a return on equity of 61.96%. The business’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business earned $1.39 EPS. On average, equities analysts predict that Delphi Automotive PLC will post $6.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Monday, February 6th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, February 2nd. This is an increase from Delphi Automotive PLC’s previous quarterly dividend of $0.25. Delphi Automotive PLC’s payout ratio is currently 25.38%.

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In other Delphi Automotive PLC news, Director Gary L. Cowger sold 14,500 shares of Delphi Automotive PLC stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $69.06, for a total transaction of $1,001,370.00. Following the completion of the sale, the director now directly owns 35,203 shares in the company, valued at approximately $2,431,119.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Majdi Abulaban sold 12,854 shares of Delphi Automotive PLC stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $67.35, for a total transaction of $865,716.90. Following the sale, the senior vice president now owns 161,354 shares of the company’s stock, valued at $10,867,191.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,354 shares of company stock worth $2,517,087. 0.36% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. SevenBridge Financial Group LLC boosted its stake in shares of Delphi Automotive PLC by 124.7% in the third quarter. SevenBridge Financial Group LLC now owns 1,795 shares of the company’s stock valued at $118,000 after buying an additional 996 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Delphi Automotive PLC by 89.1% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,086 shares of the company’s stock valued at $149,000 after buying an additional 983 shares during the last quarter. SRB Corp acquired a new stake in shares of Delphi Automotive PLC during the third quarter valued at approximately $171,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Delphi Automotive PLC by 242.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,400 shares of the company’s stock valued at $171,000 after buying an additional 1,700 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC acquired a new stake in shares of Delphi Automotive PLC during the fourth quarter valued at approximately $212,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Delphi Automotive PLC Company Profile

Delphi Automotive PLC is a vehicle components manufacturer. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It serves automotive and commercial vehicle markets. Its Electrical/Electronic Architecture segment includes electrical architecture and component products.

5 Day Chart for NYSE:DLPH

To view Vetr’s full report, visit Vetr’s official website.

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