Delphi Technologies (NYSE:DLPH) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Delphi Technologies (NYSE:DLPH) from a hold rating to a buy rating in a research report released on Tuesday morning, ValuEngine reports.

Several other research firms have also recently weighed in on DLPH. Royal Bank of Canada set a $13.00 price target on Delphi Technologies and gave the stock a hold rating in a report on Friday, November 1st. Guggenheim began coverage on Delphi Technologies in a research note on Tuesday, October 15th. They issued a neutral rating for the company. UBS Group decreased their price objective on Delphi Technologies from $20.00 to $19.00 and set a neutral rating on the stock in a report on Thursday, September 12th. Deutsche Bank set a $14.00 price objective on Delphi Technologies and gave the stock a buy rating in a research report on Friday, November 1st. Finally, Barclays downgraded Delphi Technologies from an overweight rating to an equal weight rating and dropped their target price for the stock from $23.00 to $13.00 in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $20.23.

Shares of NYSE DLPH traded up $0.21 during mid-day trading on Tuesday, reaching $12.92. 53,479 shares of the company were exchanged, compared to its average volume of 1,385,603. The stock has a market capitalization of $1.07 billion, a P/E ratio of 2.94, a P/E/G ratio of 0.60 and a beta of 2.91. The company has a quick ratio of 0.93, a current ratio of 1.35 and a debt-to-equity ratio of 2.98. The company’s 50-day simple moving average is $12.88 and its 200-day simple moving average is $15.32. Delphi Technologies has a twelve month low of $10.85 and a twelve month high of $26.82.

Delphi Technologies (NYSE:DLPH) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.56 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.56. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.05 billion. Delphi Technologies had a net margin of 4.29% and a return on equity of 52.54%. Delphi Technologies’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 EPS. As a group, equities research analysts expect that Delphi Technologies will post 2.3 EPS for the current year.

In related news, CAO Allan J. Brazier sold 4,752 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was 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 owns 21,050 shares of the company’s stock, valued at $1,894,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Joseph R. Massaro sold 2,800 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $89.56, for a total transaction of $250,768.00. Following the sale, the chief financial officer now directly owns 118,335 shares of the company’s stock, valued at approximately $10,598,082.60. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Price Wealth Management Inc. bought a new stake in shares of Delphi Technologies during the 2nd quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Delphi Technologies in the 2nd quarter valued at $47,000. US Bancorp DE raised 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 buying an additional 1,195 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Delphi Technologies by 463.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,790 shares of the company’s stock worth $115,000 after buying an additional 4,763 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new stake in shares of Delphi Technologies during the 2nd quarter worth $139,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

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.

Recommended Story: What is the float in trading stocks?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Delphi Technologies (NYSE:DLPH)

Receive News & Ratings for Delphi Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delphi Technologies and related companies with MarketBeat.com's FREE daily email newsletter.