November 29, 2016 - By Marie Mckinney
Morgan Stanley lowered Delphi Automotive plc (NYSE:DLPH)‘s stock to a Underweight rating from a Equal-Weight. This rating change was revealed to clients and investors in a analysts note today.
Out of 15 analysts covering Delphi Automotive LLP (NYSE:DLPH), 13 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 87% are positive. $105 is the highest target while $76 is the lowest. The $87.10 average target is 36.37% above today’s ($63.87) stock price. Delphi Automotive LLP has been the topic of 25 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Monday, January 25 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Buy” rating given by Credit Agricole on Friday, July 31. Deutsche Bank maintained the shares of DLPH in a report on Thursday, August 4 with “Buy” rating. The rating was initiated by Barclays Capital on Thursday, January 7 with “Overweight”. As per Friday, July 31, the company rating was upgraded by CLSA. Piper Jaffray initiated the stock with “Overweight” rating in Friday, June 10 report. The rating was downgraded by Bank of America to “Underperform” on Wednesday, November 9. As per Monday, April 18, the company rating was maintained by Citigroup. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, February 5. The stock of Delphi Automotive PLC (NYSE:DLPH) earned “Buy” rating by Sterne Agee CRT on Wednesday, December 23.
About 3.62M shares traded hands or 34.07% up from the average. Delphi Automotive PLC (NYSE:DLPH) has declined 14.83% since April 26, 2016 and is downtrending. It has underperformed by 20.09% the S&P500.
Analysts await Delphi Automotive PLC (NYSE:DLPH) to report earnings on February, 2. They expect $1.59 EPS, up 14.39% or $0.20 from last year’s $1.39 per share. DLPH’s profit will be $422.95M for 10.04 P/E if the $1.59 EPS becomes a reality. After $1.50 actual EPS reported by Delphi Automotive PLC for the previous quarter, Wall Street now forecasts 6.00% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.05, from 0.84 in 2016Q1. The ratio worsened, as 58 funds sold all Delphi Automotive PLC shares owned while 171 reduced positions. 51 funds bought stakes while 142 increased positions. They now own 245.99 million shares or 3.11% less from 253.90 million shares in 2016Q1.
Bronson Point Llc holds 3.15% or 150,000 shares in its portfolio. Tiaa Cref Invest holds 0.27% of its portfolio in Delphi Automotive PLC (NYSE:DLPH) for 5.58 million shares. Appleton Ptnrs Inc Ma holds 0.32% of its portfolio in Delphi Automotive PLC (NYSE:DLPH) for 24,939 shares. Janney Montgomery Scott Limited Liability Corporation last reported 4,823 shares in the company. Credit Suisse Ag accumulated 497,150 shares or 0.03% of the stock. Profund Advsrs Ltd Liability Company accumulated 0.02% or 7,823 shares. Ativo Mgmt Limited Company has 133,674 shares for 2.04% of their US portfolio. Moreover, Ig Management Ltd has 0.01% invested in Delphi Automotive PLC (NYSE:DLPH) for 58,713 shares. Sei has invested 0.16% of its portfolio in Delphi Automotive PLC (NYSE:DLPH). Trust Department Mb Finance Retail Bank N A holds 0% or 34 shares in its portfolio. Globeflex Ltd Partnership holds 0.19% or 11,311 shares in its portfolio. Anchor Bolt Cap Ltd Partnership holds 3.52% of its portfolio in Delphi Automotive PLC (NYSE:DLPH) for 1.61 million shares. Sg Americas Limited Liability holds 0% or 9,889 shares in its portfolio. Seven Eight Capital Ltd Limited Liability Company holds 0.11% or 5,225 shares in its portfolio. Capstone Asset Mgmt Com accumulated 0.04% or 23,078 shares.
Delphi Automotive PLC is a vehicle components manufacturer. The company has a market cap of $16.99 billion. The Firm operates through three divisions: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It has a 16.46 P/E ratio. It serves automotive and commercial vehicle markets.
According to Zacks Investment Research, “Delphi Automotive PLC is a vehicle components manufacturer and provides electrical and electronic, powertrain, safety and thermal technology solutions to the global automotive and commercial vehicle markets. It is one of the largest vehicle component manufacturers, and its customers include some of the largest automotive original equipment manufacturers. Delphi Automotive PLC is based in Troy, Michigan.”
Delphi Automotive PLC, incorporated on May 19, 2011, is a vehicle components manufacturer. The Firm operates through three divisions: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. The Firm provides electrical and electronic, powertrain, safety and thermal technology solutions to the automotive and commercial vehicle markets. The Firm operates approximately 130 manufacturing facilities and over 10 technical centers.
More notable recent Delphi Automotive PLC (NYSE:DLPH) news were published by: Marketwatch.com which released: “Electric cars will nick Delphi Automotive’s profit, Morgan Stanley says” on November 29, 2016, also Reuters.com with their article: “Delphi, Mobileye to use Intel chip for self-driving car system” published on November 29, 2016, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: AK Steel, Celgene, Darden, Delphi …” on November 29, 2016. More interesting news about Delphi Automotive PLC (NYSE:DLPH) were released by: Streetinsider.com and their article: “Berenberg Starts Delphi Automotive PLC (DLPH) at Hold” published on November 22, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Delphi Automotive, M.D.C. Holdings and Bloomin’ Brands” with publication date: November 03, 2016.
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