Delphi Technologies (NYSE:DLPH) Trading 6% Higher

Delphi Technologies PLC (NYSE:DLPH) traded up 6% during mid-day trading on Friday . The stock traded as high as $14.77 and last traded at $14.65, 1,000,800 shares were traded during trading. A decline of 25% from the average session volume of 1,330,678 shares. The stock had previously closed at $13.82.

Several analysts have issued reports on the stock. Cowen set a $26.00 price target on shares of Delphi Technologies and gave the stock a “buy” rating in a research report on Friday, July 19th. Barclays reaffirmed a “buy” rating and set a $26.00 price target on shares of Delphi Technologies in a research report on Monday, May 6th. Credit Suisse Group initiated coverage on shares of Delphi Technologies in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $21.00 price objective on the stock. Morgan Stanley set a $19.00 price objective on shares of Delphi Technologies and gave the company a “hold” rating in a research report on Wednesday, June 26th. Finally, Zacks Investment Research lowered shares of Delphi Technologies from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Delphi Technologies has a consensus rating of “Hold” and an average price target of $24.00.

The company has a market capitalization of $1.20 billion, a P/E ratio of 4.56, a price-to-earnings-growth ratio of 0.57 and a beta of 2.83. The company’s 50-day moving average price is $17.35 and its two-hundred day moving average price is $19.44. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.35 and a quick ratio of 0.93.

Delphi Technologies (NYSE:DLPH) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.04). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Delphi Technologies had a net margin of 4.72% and a return on equity of 59.52%. Delphi Technologies’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 earnings per share. On average, analysts anticipate that Delphi Technologies PLC will post 2.71 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in shares of Delphi Technologies by 25.0% in the 2nd quarter. Royal Bank of Canada now owns 238,750 shares of the company’s stock valued at $4,775,000 after purchasing an additional 47,817 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Delphi Technologies by 463.8% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,790 shares of the company’s stock valued at $115,000 after buying an additional 4,763 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Delphi Technologies by 87.3% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 71,763 shares of the company’s stock valued at $5,979,000 after buying an additional 33,446 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Delphi Technologies in the 2nd quarter valued at approximately $32,863,000. Finally, OneAscent Financial Services LLC bought a new position in Delphi Technologies in the 2nd quarter valued at approximately $208,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

About Delphi Technologies (NYSE:DLPH)

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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