Analysts Set Delphi Automotive PLC (NYSE:DLPH) PT at $92.15

Delphi Automotive PLC (NYSE:DLPH) has been given a consensus recommendation of “Buy” by the twenty-two ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, fifteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $92.15.

A number of research firms have recently weighed in on DLPH. KeyCorp lowered their target price on Delphi Automotive PLC from $100.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, May 8th. Robert W. Baird reissued an “outperform” rating and issued a $107.00 target price on shares of Delphi Automotive PLC in a research note on Wednesday, May 17th. BMO Capital Markets lowered their target price on Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Guggenheim began coverage on Delphi Automotive PLC in a research note on Wednesday, June 21st. They issued a “buy” rating and a $104.00 target price for the company. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 target price on shares of Delphi Automotive PLC in a research note on Friday, July 7th.

In other news, CFO Joseph R. Massaro sold 3,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $85.79, for a total value of $257,370.00. Following the completion of the transaction, the chief financial officer now owns 55,779 shares of the company’s stock, valued at approximately $4,785,280.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David M. Sherbin sold 15,500 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $86.63, for a total value of $1,342,765.00. Following the completion of the transaction, the senior vice president now directly owns 70,766 shares of the company’s stock, valued at approximately $6,130,458.58. The disclosure for this sale can be found here. Insiders sold a total of 20,449 shares of company stock valued at $1,770,497 in the last three months. Corporate insiders own 0.32% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DLPH. Vanguard Group Inc. raised its position in shares of Delphi Automotive PLC by 3.2% in the first quarter. Vanguard Group Inc. now owns 21,456,887 shares of the auto parts company’s stock valued at $1,727,065,000 after buying an additional 667,244 shares in the last quarter. BlackRock Inc. raised its position in shares of Delphi Automotive PLC by 2,138.9% in the first quarter. BlackRock Inc. now owns 16,893,002 shares of the auto parts company’s stock valued at $1,359,718,000 after buying an additional 16,138,486 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Delphi Automotive PLC by 3.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 16,841,567 shares of the auto parts company’s stock valued at $1,355,577,000 after buying an additional 552,921 shares in the last quarter. Longview Partners Guernsey LTD raised its position in shares of Delphi Automotive PLC by 3.2% in the second quarter. Longview Partners Guernsey LTD now owns 9,772,666 shares of the auto parts company’s stock valued at $856,574,000 after buying an additional 300,071 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Delphi Automotive PLC by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 3,276,189 shares of the auto parts company’s stock valued at $287,158,000 after buying an additional 269,901 shares during the last quarter. 92.12% of the stock is owned by hedge funds and other institutional investors.

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Shares of Delphi Automotive PLC (DLPH) traded up 0.48% during trading on Friday, hitting $93.92. The stock had a trading volume of 1,468,391 shares. The firm has a 50-day moving average price of $89.37 and a 200 day moving average price of $81.90. The company has a market capitalization of $25.12 billion, a PE ratio of 19.88 and a beta of 1.37. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $94.63.

Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the company posted $1.59 EPS. Delphi Automotive PLC’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts anticipate that Delphi Automotive PLC will post $6.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Monday, August 7th. Delphi Automotive PLC’s dividend payout ratio is currently 24.58%.

Delphi Automotive PLC Company Profile

Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.

Analyst Recommendations for Delphi Automotive PLC (NYSE:DLPH)

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