Rating of The Day: Morgan Stanley Gives Delphi Automotive (NYSE:DLPH) Lower Rating. What Is Next?

November 29, 2016 - By olga

Rating of The Day: Morgan Stanley Gives Delphi Automotive (NYSE:DLPH) Lower Rating. What Is Next?

Delphi Automotive (NYSE:DLPH) Downgrade

Trading of Delphi Automotive (NYSE:DLPH)‘s shares is going to be interesting today. Morgan Stanley decreased the stock from a “Equal-Weight” to a “Underweight”.

Delphi Automotive PLC (NYSE:DLPH) Ratings Coverage

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 36.46% above today’s ($63.83) stock price. Delphi Automotive LLP has been the topic of 25 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by Goldman Sachs on Monday, June 6 with “Buy”. The firm earned “Outperform” rating on Friday, February 5 by RBC Capital Markets. On Thursday, January 7 the stock rating was initiated by Barclays Capital with “Overweight”. Barclays Capital maintained Delphi Automotive PLC (NYSE:DLPH) on Monday, January 25 with “Overweight” rating. CLSA upgraded the stock to “Buy” rating in Friday, July 31 report. The firm has “Buy” rating given on Thursday, August 4 by Deutsche Bank. On Tuesday, November 22 the stock rating was initiated by Berenberg with “Hold”. The firm has “Buy” rating by UBS given on Tuesday, March 15. The firm has “Buy” rating given on Monday, August 31 by Buckingham Research. Citigroup maintained Delphi Automotive PLC (NYSE:DLPH) on Monday, April 18 with “Buy” rating.

About 1.86M shares traded hands. 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 earnings per share, up 14.39% or $0.20 from last year’s $1.39 per share. DLPH’s profit will be $423.04M for 10.03 P/E if the $1.59 EPS becomes a reality. After $1.50 actual earnings per share 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 Q2 2016. Its down 0.05, from 0.84 in 2016Q1. The ratio dropped, 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.

Savings Bank Of Nova Scotia last reported 120,342 shares in the company. Guggenheim Cap Lc has 428,708 shares for 0.08% of their US portfolio. The Australia-based Westpac Banking has invested 0% in Delphi Automotive PLC (NYSE:DLPH). Gilman Hill Asset Management Lc owns 4,833 shares or 0.12% of their US portfolio. The Illinois-based Hightower Ltd Liability Corp has invested 0.01% in Delphi Automotive PLC (NYSE:DLPH). Calamos Wealth Mgmt Limited Liability Com has 0.28% invested in the company for 25,633 shares. Wells Fargo And Mn holds 2.45M shares or 0.06% of its portfolio. Daiwa Gp owns 113,020 shares or 0.04% of their US portfolio. Pnc Fincl Svcs Gp Inc has 0% invested in the company for 32,203 shares. Aberdeen Asset Management Public Limited Company Uk has invested 0.01% of its portfolio in Delphi Automotive PLC (NYSE:DLPH). Columbus Hill Management Ltd Partnership has invested 0.58% of its portfolio in Delphi Automotive PLC (NYSE:DLPH). Stifel Corporation has 0.07% invested in the company for 242,296 shares. Verition Fund Mgmt Limited Liability holds 0.09% of its portfolio in Delphi Automotive PLC (NYSE:DLPH) for 10,648 shares. Amica Mutual Insur has 17,253 shares for 0.1% of their US portfolio. Rock Point Advsrs Limited Liability Company holds 35,110 shares or 1.18% of its portfolio.

Delphi Automotive PLC is a vehicle components manufacturer. The company has a market cap of $16.98 billion. The Firm operates through three divisions: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It has a 16.45 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.”

DLPH Company Profile

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: Reuters.com which released: “Delphi, Mobileye to use Intel chip for self-driving car system” on November 29, 2016, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: AK Steel, Celgene, Darden, Delphi …” published on November 29, 2016, Forbes.com published: “Delphi Automotive Enters Oversold Territory” on October 18, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>