November 30, 2016 - By Louis Casey
In a a research note published on Tuesday morning, Morgan Stanley stated it was downgrading Delphi Automotive LLP (NYSE:DLPH) stock rating from a Equal-Weight to a Underweight.
Out of 16 analysts covering Delphi Automotive LLP (NYSE:DLPH), 13 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 81% are positive. $105 is the highest target while $76 is the lowest. The $87.10 average target is 37.30% above today’s ($63.44) stock price. Delphi Automotive LLP has been the topic of 26 analyst reports since July 31, 2015 according to StockzIntelligence Inc. UBS upgraded the stock to “Buy” rating in Tuesday, March 15 report. The stock has “Underperform” rating given by Bank of America on Wednesday, November 9. Berenberg initiated the shares of DLPH in a report on Tuesday, November 22 with “Hold” rating. As per Friday, February 5, the company rating was maintained by RBC Capital Markets. The stock of Delphi Automotive PLC (NYSE:DLPH) has “Buy” rating given on Friday, July 31 by Credit Agricole. Barclays Capital maintained it with “Overweight” rating and $83 target price in Thursday, August 4 report. Barclays Capital initiated it with “Overweight” rating and $105 target price in Thursday, January 7 report. On Thursday, August 4 the stock rating was maintained by Deutsche Bank with “Buy”. Seaport Global initiated Delphi Automotive PLC (NYSE:DLPH) rating on Tuesday, August 9. Seaport Global has “Buy” rating and $77 price target. The rating was upgraded by Sterne Agee CRT to “Buy” on Wednesday, December 23.
The stock decreased 4.34% or $2.88 during the last trading session, hitting $63.44. Delphi Automotive PLC (NYSE:DLPH) has declined 17.63% since April 27, 2016 and is downtrending. It has underperformed by 22.86% 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 $423.06 million for 9.97 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 Q2 2016. Its down 0.05, from 0.84 in 2016Q1. The ratio fall, 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.
Invesco has 749,900 shares for 0.02% of their US portfolio. Janus Management Limited Liability Corp holds 0.17% of its portfolio in Delphi Automotive PLC (NYSE:DLPH) for 3.19M shares. The Minnesota-based Us Bankshares De has invested 0% in Delphi Automotive PLC (NYSE:DLPH). First Republic Inv holds 0.02% or 31,574 shares in its portfolio. Evercore Wealth Management Llc reported 709 shares or 0% of all its holdings. Barnett Company accumulated 0.03% or 925 shares. St Johns Mgmt Company Ltd Liability last reported 0% of its portfolio in the stock. Allstate has 0.02% invested in the company for 5,021 shares. The France-based Credit Agricole S A has invested 0.04% in Delphi Automotive PLC (NYSE:DLPH). Commonwealth Of Pennsylvania Public School Empls Retrmt holds 0.03% of its portfolio in Delphi Automotive PLC (NYSE:DLPH) for 21,857 shares. Washington Trust Savings Bank reported 1,276 shares or 0.02% of all its holdings. Efg Asset Mngmt (Americas) last reported 0.97% of its portfolio in the stock. Texas Permanent School Fund holds 0.07% of its portfolio in Delphi Automotive PLC (NYSE:DLPH) for 88,565 shares. Genesee Valley Tru Communications holds 0.23% or 5,711 shares in its portfolio. Moreover, Schwab Charles Mgmt has 0.06% invested in Delphi Automotive PLC (NYSE:DLPH) for 767,133 shares.
Delphi Automotive PLC is a vehicle components manufacturer. The company has a market cap of $16.88 billion. The Firm operates through three divisions: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It has a 16.35 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 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 Streetinsider.com published the news titled: “Berenberg Starts Delphi Automotive PLC (DLPH) at Hold” on November 22, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Delphi Automotive, M.D.C. Holdings and Bloomin’ Brands” with publication date: November 03, 2016 was also an interesting one.
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By Louis Casey