Trade Report: The Goldman Sachs Group Inc. Reaffirms “Buy” Rating for Delphi Automotive PLC (DLPH)

The Goldman Sachs Group Inc. Reaffirms “Buy” Rating for Delphi Automotive PLC (DLPH)

Goldman Sachs Group Inc. reissued their buy rating on shares of Delphi Automotive PLC (NYSE:DLPH) in a research report released on Saturday morning. They currently have a $77.00 target price on the stock, down from their prior target price of $81.00.

Other equities research analysts have also issued reports about the stock. Barclays PLC reduced their target price on shares of Delphi Automotive PLC from $85.00 to $83.00 and set an overweight rating on the stock in a report on Thursday, August 4th. Deutsche Bank AG increased their target price on shares of Delphi Automotive PLC from $99.00 to $100.00 and gave the stock a buy rating in a report on Thursday, August 4th. Citigroup Inc. reduced their target price on shares of Delphi Automotive PLC from $90.00 to $88.00 and set a buy rating on the stock in a report on Monday, August 8th. Royal Bank Of Canada reiterated a buy rating on shares of Delphi Automotive PLC in a report on Monday, June 20th. Finally, Credit Agricole SA reiterated a buy rating on shares of Delphi Automotive PLC in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $84.54.

Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 70.12 on Friday. Delphi Automotive PLC has a one year low of $55.59 and a one year high of $88.89. The stock has a market capitalization of $19.13 billion, a price-to-earnings ratio of 15.30 and a beta of 1.39. The stock’s 50 day moving average is $69.51 and its 200-day moving average is $68.99.

Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.55 by $0.04. Delphi Automotive PLC had a net margin of 8.11% and a return on equity of 57.43%. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the business posted $1.34 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that Delphi Automotive PLC will post $5.99 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. J.Safra Asset Management Corp acquired a new position in shares of Delphi Automotive PLC during the second quarter valued at about $114,000. IFP Advisors Inc boosted its stake in Delphi Automotive PLC by 405.2% in the first quarter. IFP Advisors Inc now owns 1,743 shares of the company’s stock valued at $131,000 after buying an additional 1,398 shares during the period. Meeder Asset Management Inc. purchased a new stake in Delphi Automotive PLC during the first quarter valued at approximately $157,000. South Dakota Investment Council purchased a new stake in Delphi Automotive PLC during the second quarter valued at approximately $175,000. Finally, Citizens Financial Group Inc RI purchased a new stake in Delphi Automotive PLC during the first quarter valued at approximately $189,000. 93.08% of the stock is currently owned by institutional investors.

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