Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Delphi Technologies from a hold rating to a strong sell rating in a report on Thursday, January 3rd. Barclays set a $25.00 price target on Delphi Technologies and gave the stock a buy rating in a research note on Thursday, November 8th. Wells Fargo & Co reaffirmed a buy rating on shares of Delphi Technologies in a research note on Wednesday, November 7th. KeyCorp assumed coverage on Delphi Technologies in a research note on Monday, December 10th. They set an underweight rating and a $13.00 target price on the stock. Finally, BMO Capital Markets lifted their target price on Delphi Technologies to $29.00 and gave the company an outperform rating in a research note on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $33.47.
DLPH stock traded down $0.80 during trading on Tuesday, reaching $18.79. 917,399 shares of the stock were exchanged, compared to its average volume of 1,378,545. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.40 and a quick ratio of 1.02. Delphi Technologies has a 1 year low of $13.18 and a 1 year high of $53.78. The company has a market capitalization of $1.66 billion, a PE ratio of 4.29, a price-to-earnings-growth ratio of 0.60 and a beta of 2.22.
Delphi Technologies (NYSE:DLPH) last issued its earnings results on Thursday, February 21st. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.19. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.17 billion. Delphi Technologies had a net margin of 7.37% and a return on equity of 109.04%. Delphi Technologies’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 earnings per share. Sell-side analysts forecast that Delphi Technologies will post 3.11 EPS for the current year.
In other news, SVP Majdi Abulaban sold 25,130 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $2,010,400.00. Following the sale, the senior vice president now owns 183,668 shares of the company’s stock, valued at $14,693,440. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its holdings in Delphi Technologies by 1,332.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 503,448 shares of the company’s stock valued at $35,000 after acquiring an additional 468,291 shares in the last quarter. IFP Advisors Inc increased its holdings in Delphi Technologies by 3,041.0% during the 4th quarter. IFP Advisors Inc now owns 5,434 shares of the company’s stock worth $78,000 after purchasing an additional 5,261 shares in the last quarter. Bell Rock Capital LLC bought a new position in shares of Delphi Technologies in the third quarter valued at approximately $122,000. Cerebellum GP LLC bought a new position in shares of Delphi Technologies in the fourth quarter valued at approximately $123,000. Finally, Dupont Capital Management Corp bought a new position in shares of Delphi Technologies in the fourth quarter valued at approximately $134,000. Institutional investors and hedge funds own 81.86% of the company’s stock.
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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