Trading Report: Today, Morgan Stanley lowers the Stock rating of Delphi Automotive PLC (DLPH)

Today, Morgan Stanley lowers the Stock rating of Delphi Automotive PLC (DLPH)

Delphi Automotive PLC (NYSE:DLPH) was downgraded by research analysts at Morgan Stanley from an “equal” rating to an “underweight” rating in a report issued on Tuesday. They presently have a $59.00 price target on the stock, down from their previous price target of $66.32. Morgan Stanley’s price objective suggests a potential downside of 11.04% from the stock’s current price.

DLPH has been the topic of a number of other reports. Barclays PLC lowered their price objective 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 lifted their price objective on shares of Delphi Automotive PLC from $99.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Citigroup Inc. lowered their price objective 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. Bank of America Corp. downgraded shares of Delphi Automotive PLC from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $80.00 to $60.00 in a report on Wednesday, November 9th. Finally, Royal Bank Of Canada lifted their price objective on shares of Delphi Automotive PLC from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $79.90.

Shares of Delphi Automotive PLC (NYSE:DLPH) traded down 4.0268% on Tuesday, hitting $63.6494. 1,687,019 shares of the stock traded hands. Delphi Automotive PLC has a 52 week low of $55.59 and a 52 week high of $88.89. The firm has a market capitalization of $17.24 billion, a PE ratio of 15.0223 and a beta of 1.43. The firm’s 50 day moving average is $66.33 and its 200 day moving average is $67.11.

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

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

Several large investors have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of Delphi Automotive PLC by 0.6% in the third quarter. US Bancorp DE now owns 3,469 shares of the company’s stock worth $248,000 after buying an additional 21 shares during the last quarter. Rothschild Investment Corp IL boosted its stake in shares of Delphi Automotive PLC by 0.3% in the third quarter. Rothschild Investment Corp IL now owns 10,086 shares of the company’s stock worth $719,000 after buying an additional 27 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Delphi Automotive PLC by 0.7% in the second quarter. LS Investment Advisors LLC now owns 7,662 shares of the company’s stock worth $480,000 after buying an additional 53 shares during the last quarter. OLD Dominion Capital Management Inc. boosted its stake in shares of Delphi Automotive PLC by 0.4% in the second quarter. OLD Dominion Capital Management Inc. now owns 15,387 shares of the company’s stock worth $963,000 after buying an additional 67 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Delphi Automotive PLC by 2.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,463 shares of the company’s stock worth $219,000 after buying an additional 97 shares during the last quarter. 93.69% of the stock is owned by institutional investors.

Delphi Automotive PLC Company Profile

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