UBS AG Lowers Delphi Automotive PLC (DLPH) to Neutral

UBS AG cut shares of Delphi Automotive PLC (NYSE:DLPH) from a buy rating to a neutral rating in a report published on Tuesday, 99wallstreet.com reports. The brokerage currently has $102.00 target price on the auto parts company’s stock.

Several other equities research analysts also recently issued reports on DLPH. Robert W. Baird restated an outperform rating and issued a $128.00 price objective (up previously from $110.00) on shares of Delphi Automotive PLC in a research note on Thursday, September 28th. They noted that the move was a valuation call. Piper Jaffray Companies set a $112.00 target price on Delphi Automotive PLC and gave the stock a buy rating in a research report on Friday, August 11th. Wells Fargo & Company raised their target price on Delphi Automotive PLC from $105.00 to $109.00 and gave the stock an outperform rating in a research report on Friday, September 29th. Citigroup Inc. raised their target price on Delphi Automotive PLC from $105.00 to $115.00 and gave the stock a buy rating in a research report on Monday, October 2nd. Finally, Deutsche Bank AG raised their target price on Delphi Automotive PLC from $99.00 to $107.00 and gave the stock a buy rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $102.51.

Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 98.10 on Tuesday. The company has a 50-day moving average of $98.67 and a 200 day moving average of $89.32. The firm has a market capitalization of $26.18 billion, a PE ratio of 20.76 and a beta of 1.36. Delphi Automotive PLC has a 12-month low of $60.50 and a 12-month high of $104.09.

Delphi Automotive PLC (NYSE:DLPH) last announced its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.06. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. Delphi Automotive PLC’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.59 earnings per share. On average, analysts predict that Delphi Automotive PLC will post $6.69 EPS for the current year.

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In related news, SVP Vos Glen W. De sold 2,100 shares of Delphi Automotive PLC stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $91.35, for a total value of $191,835.00. Following the completion of the transaction, the senior vice president now directly owns 22,994 shares of the company’s stock, valued at $2,100,501.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary L. Cowger sold 8,500 shares of Delphi Automotive PLC stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $98.43, for a total value of $836,655.00. Following the completion of the transaction, the director now directly owns 29,960 shares of the company’s stock, valued at $2,948,962.80. The disclosure for this sale can be found here. Insiders sold 19,075 shares of company stock valued at $1,903,025 over the last ninety days. 0.32% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Fulton Bank N.A. bought a new position in shares of Delphi Automotive PLC in the third quarter valued at about $489,000. Eqis Capital Management Inc. raised its holdings in shares of Delphi Automotive PLC by 3.5% in the third quarter. Eqis Capital Management Inc. now owns 14,956 shares of the auto parts company’s stock valued at $1,472,000 after buying an additional 506 shares during the last quarter. Achmea Investment Management B.V. raised its holdings in shares of Delphi Automotive PLC by 80.7% in the second quarter. Achmea Investment Management B.V. now owns 19,423 shares of the auto parts company’s stock valued at $1,700,000 after buying an additional 8,672 shares during the last quarter. RNC Capital Management LLC raised its holdings in shares of Delphi Automotive PLC by 3.2% in the second quarter. RNC Capital Management LLC now owns 2,863 shares of the auto parts company’s stock valued at $251,000 after buying an additional 89 shares during the last quarter. Finally, Sentry Investment Management LLC raised its holdings in shares of Delphi Automotive PLC by 1.5% in the second quarter. Sentry Investment Management LLC now owns 64,449 shares of the auto parts company’s stock valued at $5,649,000 after buying an additional 930 shares during the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

Delphi Automotive PLC Company Profile

Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.

Analyst Recommendations for Delphi Automotive PLC (NYSE:DLPH)

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