Delphi Technologies (NYSE:DLPH) was downgraded by analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat reports. They presently have a $30.00 price objective on the stock. Goldman Sachs Group’s price objective would suggest a potential upside of 28.53% from the stock’s current price.
Other analysts have also recently issued reports about the company. UBS Group upgraded Delphi Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, July 23rd. Barclays reduced their price objective on Delphi Technologies from $62.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, August 9th. Robert W. Baird reduced their price objective on Delphi Technologies from $65.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, August 9th. Buckingham Research reduced their price objective on Delphi Technologies from $58.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, August 10th. Finally, Guggenheim reiterated a “buy” rating and issued a $54.00 price objective on shares of Delphi Technologies in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $47.58.
Shares of NYSE DLPH opened at $23.34 on Thursday. The firm has a market capitalization of $2.78 billion and a PE ratio of 4.53. 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 12-month low of $23.00 and a 12-month high of $60.39.
Delphi Technologies (NYSE:DLPH) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.27 billion. The firm’s 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. As a group, analysts anticipate that Delphi Technologies will post 4.79 earnings per share for the current year.
In other Delphi Technologies news, SVP Susan M. Suver sold 1,174 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $95.00, for a total value of $111,530.00. Following the sale, the senior vice president now directly owns 62,268 shares in the company, valued at $5,915,460. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank J. Dellaquila purchased 750 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was acquired at an average price of $89.00 per share, for a total transaction of $66,750.00. Following the completion of the purchase, the director now owns 4,818 shares of the company’s stock, valued at $428,802. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. HM Payson & Co. acquired a new stake in Delphi Technologies in the second quarter valued at $595,000. Bank of New York Mellon Corp increased its position in shares of Delphi Technologies by 30.9% during the second quarter. Bank of New York Mellon Corp now owns 3,997,567 shares of the company’s stock worth $181,729,000 after purchasing an additional 943,977 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Delphi Technologies by 1.6% during the second quarter. Schroder Investment Management Group now owns 411,015 shares of the company’s stock worth $18,791,000 after purchasing an additional 6,291 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of Delphi Technologies by 66.1% during the second quarter. WINTON GROUP Ltd now owns 199,566 shares of the company’s stock worth $9,072,000 after purchasing an additional 79,404 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Delphi Technologies during the second quarter worth about $664,000. Institutional investors own 85.51% 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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