Oppenheimer Initiates Coverage on Delphi Technologies (DLPH)

Analysts at Oppenheimer assumed coverage on shares of Delphi Technologies (NYSE:DLPH) in a research note issued to investors on Thursday, The Fly reports. The brokerage set a “market perform” rating on the stock.

A number of other analysts also recently issued reports on the company. Morgan Stanley downgraded Delphi Technologies from an “overweight” rating to an “equal weight” rating and set a $51.00 price target for the company. in a research report on Thursday, March 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Delphi Technologies in a research report on Wednesday, February 28th. Cowen initiated coverage on Delphi Technologies in a research report on Monday, April 16th. They set an “outperform” rating and a $64.00 price target for the company. Zacks Investment Research upgraded Delphi Technologies from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Thursday, March 22nd. Finally, Deutsche Bank lifted their price target on Delphi Technologies from $56.00 to $59.00 and gave the company a “hold” rating in a research report on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Delphi Technologies currently has a consensus rating of “Buy” and an average target price of $61.67.

Shares of DLPH traded down $1.06 during trading hours on Thursday, reaching $51.76. 433,000 shares of the company’s stock traded hands, compared to its average volume of 871,402. The company has a market cap of $4.77 billion and a PE ratio of 10.05. The company has a current ratio of 1.53, a quick ratio of 1.15 and a debt-to-equity ratio of 4.99. Delphi Technologies has a 12 month low of $38.00 and a 12 month high of $60.39.

Delphi Technologies (NYSE:DLPH) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.14. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.24 billion. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 EPS. analysts predict that Delphi Technologies will post 4.94 earnings per share for the current year.

In other news, Director Robin J. Adams bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The stock was bought at an average price of $49.90 per share, for a total transaction of $99,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Delphi Technologies by 1.5% in the 1st quarter. BlackRock Inc. now owns 7,844,033 shares of the company’s stock worth $373,768,000 after buying an additional 114,566 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Delphi Technologies by 63.6% in the 1st quarter. Artisan Partners Limited Partnership now owns 2,857,033 shares of the company’s stock worth $136,138,000 after buying an additional 1,110,393 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in Delphi Technologies by 69.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,630,056 shares of the company’s stock worth $77,672,000 after buying an additional 666,455 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in Delphi Technologies by 342.5% in the 1st quarter. Wedge Capital Management L L P NC now owns 1,429,319 shares of the company’s stock worth $68,107,000 after buying an additional 1,106,322 shares during the last quarter. Finally, Standard Life Aberdeen plc lifted its position in Delphi Technologies by 1,931.6% in the fourth quarter. Standard Life Aberdeen plc now owns 1,422,321 shares of the company’s stock valued at $74,629,000 after purchasing an additional 1,352,310 shares during the last quarter. Institutional investors own 84.53% 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.

The Fly

Analyst Recommendations for Delphi Technologies (NYSE:DLPH)

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