Deutsche Bank downgraded shares of Delphi Technologies (NYSE:DLPH) from a buy rating to a hold rating in a research report report published on Tuesday morning, BenzingaRatingsTable reports. Deutsche Bank currently has $11.00 target price on the stock, down from their previous target price of $14.00.
A number of other equities research analysts also recently weighed in on DLPH. Morgan Stanley reduced their target price on Delphi Technologies from $14.00 to $10.00 and set an equal weight rating on the stock in a report on Thursday, November 21st. ValuEngine upgraded Delphi Technologies from a hold rating to a buy rating in a research report on Tuesday, January 7th. Guggenheim started coverage on Delphi Technologies in a research report on Tuesday, October 15th. They set a neutral rating on the stock. Oppenheimer cut Delphi Technologies from an outperform rating to a market perform rating and set a $20.00 target price for the company. in a report on Friday, November 1st. Finally, Royal Bank of Canada reiterated a hold rating and issued a $15.00 target price on shares of Delphi Technologies in a research report on Sunday, December 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Delphi Technologies presently has a consensus rating of Hold and an average target price of $20.15.
Shares of DLPH stock traded down $0.08 during trading hours on Tuesday, reaching $11.27. The company’s stock had a trading volume of 257,559 shares, compared to its average volume of 886,609. The firm’s 50 day simple moving average is $12.63 and its 200-day simple moving average is $14.25. The company has a market capitalization of $970.89 million, a price-to-earnings ratio of 2.57, a PEG ratio of 0.60 and a beta of 2.91. Delphi Technologies has a fifty-two week low of $10.85 and a fifty-two week high of $26.82. The company has a quick ratio of 0.93, a current ratio of 1.35 and a debt-to-equity ratio of 2.98.
Delphi Technologies (NYSE:DLPH) last issued its earnings results on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.56. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. Delphi Technologies had a return on equity of 52.54% and a net margin of 4.29%. The company’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. Sell-side analysts predict that Delphi Technologies will post 2.3 earnings per share for the current year.
Several large investors have recently modified their holdings of DLPH. Nomura Asset Management Co. Ltd. bought a new position in shares of Delphi Technologies during the 2nd quarter worth approximately $47,000. US Bancorp DE boosted 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. boosted 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. NumerixS Investment Technologies Inc bought a new position in shares of Delphi Technologies during the 2nd quarter worth approximately $144,000. Finally, Sciencast Management LP bought a new position in shares of Delphi Technologies during the 4th quarter worth approximately $153,000. Institutional investors own 87.46% 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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