Today, Morgan Stanley Downgraded Delphi Automotive PLC (DLPH) to Underweight

Today, Morgan Stanley Downgraded Delphi Automotive PLC (DLPH) to Underweight

Delphi Automotive PLC (NYSE:DLPH) was downgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Tuesday. They currently have a $59.00 target price on the stock, down from their prior target price of $66.32. Morgan Stanley’s price target suggests a potential downside of 11.04% from the stock’s previous close.

A number of other brokerages have also weighed in on DLPH. Zacks Investment Research lowered Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Vetr lowered Delphi Automotive PLC from a “buy” rating to a “hold” rating and set a $72.50 target price for the company. in a research report on Monday, August 29th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $77.00 target price (down previously from $81.00) on shares of Delphi Automotive PLC in a research report on Saturday, October 8th. Bank of America Corp. lowered Delphi Automotive PLC from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $80.00 to $60.00 in a research report on Wednesday, November 9th. Finally, Robert W. Baird restated an “overweight” rating and set a $95.00 price target on shares of Delphi Automotive PLC in a research note on Monday, September 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. Delphi Automotive PLC currently has a consensus rating of “Buy” and an average price target of $79.90.

Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 66.32 on Tuesday. Delphi Automotive PLC has a 52 week low of $55.59 and a 52 week high of $88.89. The stock has a market capitalization of $17.96 billion, a P/E ratio of 15.65 and a beta of 1.43. The company has a 50-day moving average of $66.33 and a 200-day moving average of $67.11.

Delphi Automotive PLC (NYSE:DLPH) last issued its earnings results on Wednesday, November 2nd. The company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.07. Delphi Automotive PLC had a return on equity of 58.26% and a net margin of 7.20%. The business earned $4.10 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. Delphi Automotive PLC’s revenue was up 12.7% on a year-over-year basis. On average, analysts anticipate that Delphi Automotive PLC will post $6.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, November 7th. This represents a $1.16 annualized dividend and a yield of 1.75%. Delphi Automotive PLC’s payout ratio is 27.49%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC increased its position in Delphi Automotive PLC by 0.7% in the second quarter. LS Investment Advisors LLC now owns 7,662 shares of the company’s stock valued at $480,000 after buying an additional 53 shares during the last quarter. Atwood & Palmer Inc. increased its position in Delphi Automotive PLC by 2.1% in the second quarter. Atwood & Palmer Inc. now owns 198,465 shares of the company’s stock valued at $12,424,000 after buying an additional 4,161 shares during the last quarter. Palladium Partners LLC acquired a new position in Delphi Automotive PLC during the second quarter valued at $200,000. Fox Run Management L.L.C. acquired a new position in Delphi Automotive PLC during the second quarter valued at $369,000. Finally, Peddock Capital Advisors LLC increased its position in Delphi Automotive PLC by 4.4% in the second quarter. Peddock Capital Advisors LLC now owns 5,943 shares of the company’s stock valued at $372,000 after buying an additional 252 shares during the last quarter. Institutional investors and hedge funds own 93.69% of the company’s stock.

Delphi Automotive PLC Company Profile

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