Delphi Technologies PLC (DLPH) Receives Average Recommendation of “Hold” from Analysts

Shares of Delphi Technologies PLC (NYSE:DLPH) have received an average rating of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $29.07.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Delphi Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Bank of America raised shares of Delphi Technologies from a “neutral” rating to a “buy” rating and set a $24.95 target price on the stock in a research report on Friday, April 12th. BMO Capital Markets boosted their target price on shares of Delphi Technologies to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. Barclays reaffirmed a “buy” rating and set a $25.00 target price on shares of Delphi Technologies in a research report on Friday, February 22nd. Finally, Morgan Stanley set a $21.00 target price on shares of Delphi Technologies and gave the stock a “hold” rating in a research report on Tuesday, February 26th.

Shares of DLPH stock traded up $0.12 during trading hours on Wednesday, reaching $26.05. The stock had a trading volume of 1,278,936 shares, compared to its average volume of 1,378,592. The stock has a market cap of $2.33 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 0.82 and a beta of 2.17. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 3.40. Delphi Technologies has a twelve month low of $13.18 and a twelve month high of $53.78.

Delphi Technologies (NYSE:DLPH) last announced its quarterly earnings data on Thursday, February 21st. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.19. Delphi Technologies had a net margin of 7.37% and a return on equity of 109.04%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The business’s revenue was down 6.9% compared to the same quarter last year. Equities analysts forecast that Delphi Technologies will post 3.08 EPS for the current fiscal year.

In other Delphi Technologies news, SVP Majdi Abulaban sold 25,130 shares of Delphi Technologies stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $2,010,400.00. Following the sale, the senior vice president now owns 183,668 shares in the company, valued at $14,693,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David M. Sherbin sold 19,689 shares of Delphi Technologies 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 sale, the senior vice president now owns 90,540 shares in the company, valued at approximately $7,857,966.60. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

Several large investors have recently modified their holdings of DLPH. Dimensional Fund Advisors LP lifted its position in Delphi Technologies by 21.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 639,595 shares of the company’s stock worth $20,059,000 after buying an additional 111,016 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Delphi Technologies by 110.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 39,700 shares of the company’s stock worth $1,245,000 after buying an additional 20,800 shares in the last quarter. Credit Suisse AG lifted its position in Delphi Technologies by 94.5% during the 3rd quarter. Credit Suisse AG now owns 245,190 shares of the company’s stock worth $7,690,000 after buying an additional 119,109 shares in the last quarter. Nordea Investment Management AB acquired a new position in Delphi Technologies during the 3rd quarter worth about $7,290,000. Finally, Commonwealth Bank of Australia lifted its position in Delphi Technologies by 142.7% during the 4th quarter. Commonwealth Bank of Australia now owns 28,636 shares of the company’s stock worth $409,000 after buying an additional 16,835 shares in the last quarter. Institutional investors own 87.36% 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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Analyst Recommendations for Delphi Technologies (NYSE:DLPH)

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