Delphi Technologies PLC (NYSE:DLPH) Given Consensus Rating of “Hold” by Brokerages

Delphi Technologies PLC (NYSE:DLPH) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $13.67.

Several equities research analysts recently commented on DLPH shares. Royal Bank of Canada reissued a “hold” rating and set a $12.00 price objective on shares of Delphi Technologies in a research note on Wednesday, March 18th. Morgan Stanley dropped their price objective on shares of Delphi Technologies from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. Oppenheimer began coverage on shares of Delphi Technologies in a research note on Thursday, May 7th. They set a “hold” rating on the stock. Robert W. Baird cut shares of Delphi Technologies from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $8.00 in a report on Friday, April 24th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $11.00 target price on shares of Delphi Technologies in a report on Tuesday, May 12th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLPH. Eagle Asset Management Inc. raised its stake in Delphi Technologies by 18.1% during the first quarter. Eagle Asset Management Inc. now owns 327,408 shares of the company’s stock valued at $2,635,000 after purchasing an additional 50,280 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Delphi Technologies in the fourth quarter valued at $1,565,000. ARP Americas LP purchased a new stake in shares of Delphi Technologies in the first quarter valued at $10,703,000. Russell Investments Group Ltd. raised its stake in shares of Delphi Technologies by 333.7% in the fourth quarter. Russell Investments Group Ltd. now owns 188,868 shares of the company’s stock valued at $2,407,000 after acquiring an additional 145,320 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Delphi Technologies by 20.9% in the fourth quarter. AQR Capital Management LLC now owns 2,888,268 shares of the company’s stock valued at $37,056,000 after acquiring an additional 499,966 shares during the period. 97.00% of the stock is owned by hedge funds and other institutional investors.

Delphi Technologies stock traded up $0.35 during trading hours on Monday, reaching $13.45. The stock had a trading volume of 3,075,825 shares, compared to its average volume of 3,011,746. The stock has a market cap of $1.13 billion, a PE ratio of -20.15 and a beta of 2.65. Delphi Technologies has a 52 week low of $5.39 and a 52 week high of $20.84. The company has a debt-to-equity ratio of 5.29, a current ratio of 1.67 and a quick ratio of 1.29. The company has a fifty day simple moving average of $11.59 and a 200-day simple moving average of $11.82.

Delphi Technologies (NYSE:DLPH) last announced its earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.31. The firm had revenue of $945.00 million for the quarter, compared to analyst estimates of $858.75 million. Delphi Technologies had a negative net margin of 1.35% and a positive return on equity of 37.95%. The company’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. Research analysts predict that Delphi Technologies will post -0.01 earnings per share for the current fiscal year.

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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Analyst Recommendations for Delphi Technologies (NYSE:DLPH)

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