Delphi Technologies (NYSE:DLPH) had its price objective reduced by UBS Group from $20.00 to $19.00 in a research note published on Thursday, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.
A number of other research analysts have also weighed in on DLPH. Goldman Sachs Group upgraded shares of Delphi Technologies from a neutral rating to a buy rating and reduced their price objective for the company from $25.00 to $24.00 in a research note on Thursday, June 13th. Morgan Stanley set a $19.00 price objective on shares of Delphi Technologies and gave the company a hold rating in a research note on Wednesday, June 26th. Cowen set a $26.00 price target on shares of Delphi Technologies and gave the company a buy rating in a report on Friday, July 19th. Finally, Credit Suisse Group began coverage on shares of Delphi Technologies in a report on Wednesday, June 26th. They issued a neutral rating and a $21.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. Delphi Technologies presently has an average rating of Hold and a consensus price target of $23.64.
Delphi Technologies stock opened at $17.32 on Thursday. Delphi Technologies has a 1-year low of $12.26 and a 1-year high of $36.73. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 3.95, a P/E/G ratio of 0.70 and a beta of 2.94. 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 50 day simple moving average of $15.24 and a 200 day simple moving average of $18.84.
Delphi Technologies (NYSE:DLPH) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.04). Delphi Technologies had a net margin of 4.72% and a return on equity of 59.52%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. On average, equities research analysts forecast that Delphi Technologies will post 2.71 EPS for the current year.
In other Delphi Technologies news, CAO Allan J. Brazier sold 4,752 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $90.00, for a total value of $427,680.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,050 shares of the company’s stock, valued at approximately $1,894,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Weaver Consulting Group bought a new stake in shares of Delphi Technologies during the 1st quarter worth $28,000. Price Wealth Management Inc. bought a new stake in shares of Delphi Technologies during the 2nd quarter worth $38,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Delphi Technologies during the 2nd quarter worth $47,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Delphi Technologies during the 1st quarter worth $84,000. Finally, US Bancorp DE lifted its holdings in shares of Delphi Technologies by 32.7% during the 2nd quarter. US Bancorp DE now owns 4,847 shares of the company’s stock worth $97,000 after acquiring an additional 1,195 shares during the last quarter. 86.37% of the stock is owned by 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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