BMO Capital Markets Reiterates $26.00 Price Target for Delphi Technologies (DLPH)

BMO Capital Markets set a $26.00 target price on Delphi Technologies (NYSE:DLPH) in a research report report published on Thursday morning. The brokerage currently has a buy rating on the stock.

DLPH has been the subject of several other research reports. Oppenheimer raised shares of Delphi Technologies from a market perform rating to an outperform rating and set a $53.00 price target for the company in a report on Monday, July 23rd. Robert W. Baird decreased their price target on shares of Delphi Technologies from $40.00 to $35.00 and set an outperform rating for the company in a report on Monday, October 8th. Zacks Investment Research lowered shares of Delphi Technologies from a hold rating to a sell rating in a report on Monday, July 30th. Wells Fargo & Co decreased their price target on shares of Delphi Technologies from $33.00 to $29.00 and set an outperform rating for the company in a report on Thursday. Finally, Bank of America raised shares of Delphi Technologies from an underperform rating to a neutral rating and set a $36.00 price target for the company in a report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Delphi Technologies has a consensus rating of Hold and a consensus price target of $37.50.

DLPH traded down $2.15 during trading on Thursday, reaching $18.13. 166,763 shares of the company’s stock were exchanged, compared to its average volume of 2,138,970. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.18 and a current ratio of 1.59. Delphi Technologies has a fifty-two week low of $18.67 and a fifty-two week high of $60.39. The firm has a market capitalization of $1.92 billion and a PE ratio of 3.55.

Delphi Technologies (NYSE:DLPH) last released its earnings results on Wednesday, November 7th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. Equities analysts forecast that Delphi Technologies will post 4.22 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Tuesday, November 6th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Monday, November 5th. Delphi Technologies’s payout ratio is presently 13.20%.

In related news, CFO Joseph R. Massaro sold 2,800 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $86.24, for a total value of $241,472.00. Following the completion of the transaction, the chief financial officer now directly owns 91,734 shares of the company’s stock, valued at approximately $7,911,140.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Susan M. Suver sold 1,174 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $95.00, for a total transaction of $111,530.00. Following the completion of the transaction, the senior vice president now directly owns 62,268 shares of the company’s stock, valued at $5,915,460. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. WINTON GROUP Ltd lifted its position in Delphi Technologies by 66.1% during the 2nd quarter. WINTON GROUP Ltd now owns 199,566 shares of the company’s stock worth $9,072,000 after buying an additional 79,404 shares in the last quarter. Signition LP bought a new stake in Delphi Technologies during the 2nd quarter worth about $205,000. HM Payson & Co. bought a new stake in Delphi Technologies during the 2nd quarter worth about $595,000. Cubist Systematic Strategies LLC lifted its position in Delphi Technologies by 354.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 21,708 shares of the company’s stock worth $987,000 after buying an additional 16,926 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Delphi Technologies during the 2nd quarter worth about $457,000. 82.84% of the stock is owned by hedge funds and other institutional investors.

About Delphi Technologies

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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