Royal Bank of Canada Cuts Delphi Technologies (DLPH) Price Target to $23.00

Delphi Technologies (NYSE:DLPH) had its price target dropped by equities researchers at Royal Bank of Canada from $32.00 to $23.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 13.47% from the company’s current price.

Several other brokerages also recently issued reports on DLPH. Zacks Investment Research downgraded Delphi Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Oppenheimer upgraded Delphi Technologies from a “market perform” rating to an “outperform” rating and set a $53.00 price objective for the company in a research report on Monday, July 23rd. UBS Group upgraded Delphi Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, July 23rd. Robert W. Baird cut their price objective on Delphi Technologies from $65.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, August 9th. Finally, BMO Capital Markets set a $60.00 price objective on Delphi Technologies and gave the stock a “buy” rating in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.43.

Shares of Delphi Technologies stock traded up $0.07 during trading on Thursday, hitting $20.27. 405,077 shares of the company were exchanged, compared to its average volume of 2,138,970. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.59 and a quick ratio of 1.18. Delphi Technologies has a fifty-two week low of $18.67 and a fifty-two week high of $60.39. The company has a market capitalization of $1.92 billion and a P/E ratio of 3.94.

Delphi Technologies (NYSE:DLPH) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company earned $1.25 EPS. Delphi Technologies’s revenue was down 3.8% on a year-over-year basis. As a group, research analysts expect that Delphi Technologies will post 4.25 EPS for the current fiscal year.

In other news, SVP Susan M. Suver sold 1,174 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total transaction of $111,530.00. Following the completion of the sale, the senior vice president now directly owns 62,268 shares of the company’s stock, valued at approximately $5,915,460. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph R. Massaro sold 2,800 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $86.24, for a total transaction of $241,472.00. Following the sale, the chief financial officer now directly owns 91,734 shares of the company’s stock, valued at $7,911,140.16. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DLPH. Dimensional Fund Advisors LP grew its stake in shares of Delphi Technologies by 146.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 474,812 shares of the company’s stock valued at $22,625,000 after buying an additional 282,515 shares during the period. Royal Bank of Canada grew its stake in shares of Delphi Technologies by 21.7% during the 1st quarter. Royal Bank of Canada now owns 71,068 shares of the company’s stock valued at $3,387,000 after buying an additional 12,651 shares during the period. Brown Advisory Inc. purchased a new stake in shares of Delphi Technologies during the 1st quarter valued at $216,000. Bank of Montreal Can grew its stake in shares of Delphi Technologies by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 468,036 shares of the company’s stock valued at $21,277,000 after buying an additional 5,786 shares during the period. Finally, Cambiar Investors LLC purchased a new stake in shares of Delphi Technologies during the 2nd quarter valued at $4,523,000. 82.84% of the stock is owned by institutional investors.

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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