Delphi Technologies (NYSE:DLPH) Trading 6% Higher

Delphi Technologies PLC (NYSE:DLPH)’s stock price traded up 6% during mid-day trading on Friday . The stock traded as high as $14.77 and last traded at $14.65, 1,000,800 shares changed hands during mid-day trading. A decline of 25% from the average session volume of 1,330,678 shares. The stock had previously closed at $13.82.

Several research analysts recently issued reports on the company. Cowen set a $26.00 price objective on Delphi Technologies and gave the stock a “buy” rating in a research note on Friday, July 19th. Credit Suisse Group assumed coverage on Delphi Technologies in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $21.00 price objective on the stock. Goldman Sachs Group raised Delphi Technologies from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $25.00 to $24.00 in a research note on Thursday, June 13th. Zacks Investment Research cut Delphi Technologies from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Finally, Morgan Stanley set a $19.00 price objective on Delphi Technologies and gave the stock a “hold” rating in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.00.

The company has a current ratio of 1.35, a quick ratio of 0.93 and a debt-to-equity ratio of 2.95. The firm has a market cap of $1.30 billion, a P/E ratio of 3.34, a PEG ratio of 0.62 and a beta of 2.83. The firm has a 50-day simple moving average of $17.35 and a 200-day simple moving average of $19.44.

Delphi Technologies (NYSE:DLPH) last announced its earnings results on Thursday, August 1st. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.04). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Delphi Technologies had a net margin of 4.72% and a return on equity of 59.52%. The firm’s revenue was down 9.0% compared to the same quarter last year. During the same period last year, the business posted $1.29 EPS. Research analysts predict that Delphi Technologies PLC will post 2.75 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in DLPH. Weaver Consulting Group purchased a new stake in shares of Delphi Technologies during the 1st quarter valued at $28,000. Gamco Investors INC. ET AL lifted its holdings in shares of Delphi Technologies by 8.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 31,357 shares of the company’s stock valued at $604,000 after purchasing an additional 2,325 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Delphi Technologies by 11.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 712,912 shares of the company’s stock valued at $10,209,000 after purchasing an additional 73,317 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of Delphi Technologies during the 1st quarter valued at $2,928,000. Finally, Retirement Systems of Alabama lifted its holdings in shares of Delphi Technologies by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 115,196 shares of the company’s stock valued at $2,219,000 after purchasing an additional 456 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

About Delphi Technologies (NYSE:DLPH)

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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