Delphi Technologies (NYSE:DLPH) has been assigned a $60.00 price objective by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday, August 9th, The Fly reports. The firm presently has a “buy” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 70.31% from the stock’s current price.
Several other equities research analysts have also recently weighed in on DLPH. Zacks Investment Research cut shares of Delphi Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. Cowen began coverage on shares of Delphi Technologies in a research report on Monday, April 16th. They issued an “outperform” rating and a $64.00 price target for the company. Robert W. Baird increased their target price on shares of Delphi Technologies from $67.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, April 17th. Morgan Stanley increased their target price on shares of Delphi Technologies from $51.00 to $55.00 and gave the company a “hold” rating in a research report on Wednesday, May 23rd. Finally, Oppenheimer began coverage on shares of Delphi Technologies in a research report on Thursday, June 14th. They set 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. The stock has a consensus rating of “Buy” and a consensus target price of $55.27.
NYSE:DLPH traded down $0.74 during mid-day trading on Thursday, hitting $35.23. 742,300 shares of the stock traded hands, compared to its average volume of 919,096. The company has a market capitalization of $3.32 billion and a price-to-earnings ratio of 6.84. The company has a current ratio of 1.59, a quick ratio of 1.18 and a debt-to-equity ratio of 4.68. Delphi Technologies has a 52 week low of $35.04 and a 52 week high of $60.39.
In other Delphi Technologies news, SVP Susan M. Suver sold 1,174 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total transaction of $111,530.00. Following the transaction, the senior vice president now directly owns 62,268 shares of the company’s stock, valued at $5,915,460. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark P. Frissora sold 7,826 shares of the stock in a transaction 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 transaction, the director now directly owns 1,957 shares in the company, valued at $200,768.63. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Advisors Preferred LLC lifted its position in shares of 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 buying an additional 2,361 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of Delphi Technologies during the 1st quarter worth approximately $197,000. Signition LP purchased a new stake in shares of Delphi Technologies during the 2nd quarter worth approximately $205,000. Itau Unibanco Holding S.A. lifted its position in shares of Delphi Technologies by 753.7% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 4,516 shares of the company’s stock worth $205,000 after buying an additional 3,987 shares during the last quarter. Finally, Kendall Capital Management purchased a new stake in shares of Delphi Technologies during the 2nd quarter worth approximately $214,000. Institutional investors own 85.53% 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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