Oppenheimer Cuts Delphi Technologies (DLPH) Price Target to $52.00

Delphi Technologies (NYSE:DLPH) had its price objective lowered by Oppenheimer from $53.00 to $52.00 in a report released on Thursday morning. Oppenheimer currently has an outperform rating on the stock.

DLPH has been the subject of a number of other reports. Zacks Investment Research cut shares of Delphi Technologies from a hold rating to a sell rating in a report on Monday, July 30th. Robert W. Baird reduced their target price on shares of Delphi Technologies from $65.00 to $53.00 and set an outperform rating for the company in a report on Thursday. Morgan Stanley raised their target price on shares of Delphi Technologies from $51.00 to $55.00 and gave the stock a hold rating in a report on Wednesday, May 23rd. Cowen assumed coverage on shares of Delphi Technologies in a report on Monday, April 16th. They set an outperform rating and a $64.00 target price for the company. Finally, BMO Capital Markets set a $60.00 target price on shares of Delphi Technologies and gave the stock a buy rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $55.55.

NYSE:DLPH traded down $0.82 during trading hours on Thursday, reaching $40.91. 907,347 shares of the company’s stock were exchanged, compared to its average volume of 852,824. Delphi Technologies has a 12 month low of $38.00 and a 12 month high of $60.39. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.15 and a current ratio of 1.59.

Delphi Technologies (NYSE:DLPH) last issued its earnings results on Wednesday, August 8th. The company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.27 billion. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.35 earnings per share. sell-side analysts predict that Delphi Technologies will post 4.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Tuesday, August 7th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, August 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.66%. Delphi Technologies’s dividend payout ratio (DPR) is presently 13.20%.

In related news, Director Mark P. Frissora sold 7,826 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $102.59, for a total value of $802,869.34. Following the completion of the sale, the director now owns 1,957 shares in the company, valued at approximately $200,768.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Citigroup Inc. lifted its position in shares of Delphi Technologies by 357.8% in the 1st quarter. Citigroup Inc. now owns 60,154 shares of the company’s stock valued at $2,866,000 after acquiring an additional 47,014 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Delphi Technologies in the 1st quarter valued at approximately $1,253,000. Prudential Financial Inc. lifted its position in shares of Delphi Technologies by 38.2% in the 1st quarter. Prudential Financial Inc. now owns 77,899 shares of the company’s stock valued at $3,712,000 after acquiring an additional 21,528 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Delphi Technologies by 28.1% in the 1st quarter. Wells Fargo & Company MN now owns 266,411 shares of the company’s stock valued at $12,695,000 after acquiring an additional 58,497 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Delphi Technologies by 146.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 474,812 shares of the company’s stock valued at $22,625,000 after acquiring an additional 282,515 shares in the last quarter. Institutional investors and hedge funds own 83.28% 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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