Delphi Automotive PLC (DLPH) Raised to Buy at Bank of America Corporation

Bank of America Corporation upgraded shares of Delphi Automotive PLC (NYSE:DLPH) from a neutral rating to a buy rating in a report published on Monday morning, MarketBeat Ratings reports. They currently have $120.00 price objective on the auto parts company’s stock.

Several other analysts have also recently issued reports on DLPH. BidaskClub cut Delphi Automotive PLC from a hold rating to a sell rating in a research note on Thursday, July 27th. Deutsche Bank AG upped their price objective on Delphi Automotive PLC from $99.00 to $107.00 and gave the company a buy rating in a research note on Thursday, August 3rd. BMO Capital Markets upped their price objective on Delphi Automotive PLC from $104.00 to $110.00 and gave the company an outperform rating in a research note on Friday, August 4th. Piper Jaffray Companies set a $112.00 price objective on Delphi Automotive PLC and gave the company a buy rating in a research note on Friday, August 11th. Finally, KeyCorp restated a buy rating and set a $100.00 price objective on shares of Delphi Automotive PLC in a research note on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $102.59.

Delphi Automotive PLC (DLPH) opened at $100.78 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 1.35. Delphi Automotive PLC has a one year low of $60.50 and a one year high of $104.09. The company has a market capitalization of $27,115.66, a PE ratio of 15.02, a P/E/G ratio of 1.19 and a beta of 1.37.

Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.10. Delphi Automotive PLC had a return on equity of 57.92% and a net margin of 8.00%. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the previous year, the firm posted $1.50 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. analysts forecast that Delphi Automotive PLC will post 6.77 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Tuesday, November 7th. Delphi Automotive PLC’s dividend payout ratio (DPR) is 22.61%.

In related news, Director Gary L. Cowger sold 8,500 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $98.43, for a total value of $836,655.00. Following the completion of the transaction, the director now directly owns 29,960 shares of the company’s stock, valued at approximately $2,948,962.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas W. Sidlik sold 8,475 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $103.19, for a total value of $874,535.25. Following the completion of the transaction, the director now directly owns 10,564 shares of the company’s stock, valued at $1,090,099.16. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Palladium Partners LLC grew its holdings in Delphi Automotive PLC by 1.2% in the 2nd quarter. Palladium Partners LLC now owns 3,368 shares of the auto parts company’s stock worth $295,000 after buying an additional 41 shares in the last quarter. Blair William & Co. IL grew its holdings in Delphi Automotive PLC by 1.0% in the 2nd quarter. Blair William & Co. IL now owns 4,111 shares of the auto parts company’s stock worth $360,000 after buying an additional 41 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Delphi Automotive PLC by 1.0% in the 2nd quarter. D.A. Davidson & CO. now owns 6,318 shares of the auto parts company’s stock worth $553,000 after buying an additional 61 shares in the last quarter. Huntington National Bank grew its holdings in Delphi Automotive PLC by 4.7% in the 2nd quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock worth $144,000 after buying an additional 74 shares in the last quarter. Finally, RNC Capital Management LLC lifted its position in Delphi Automotive PLC by 3.2% in the second quarter. RNC Capital Management LLC now owns 2,863 shares of the auto parts company’s stock worth $251,000 after purchasing an additional 89 shares during the period. 90.47% of the stock is owned by institutional investors and hedge funds.

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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