Delphi Automotive PLC (DLPH) Price Target Raised to $116.00 at Citigroup Inc.

Delphi Automotive PLC (NYSE:DLPH) had its price target boosted by equities researchers at Citigroup Inc. from $115.00 to $116.00 in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the auto parts company’s stock. Citigroup Inc.’s price target would suggest a potential upside of 16.91% from the company’s previous close.

Several other analysts also recently weighed in on the company. Royal Bank Of Canada restated a “buy” rating and set a $95.00 target price on shares of Delphi Automotive PLC in a research note on Friday, July 7th. Barclays PLC set a $114.00 price target on shares of Delphi Automotive PLC and gave the stock a “buy” rating in a research report on Friday, October 20th. KeyCorp reaffirmed a “buy” rating and set a $100.00 price target on shares of Delphi Automotive PLC in a research report on Sunday, September 17th. Deutsche Bank AG cut shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating and reduced their price target for the stock from $108.00 to $107.00 in a research report on Thursday, October 12th. Finally, Cowen and Company initiated coverage on shares of Delphi Automotive PLC in a research report on Monday, September 25th. They set an “outperform” rating and a $120.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $103.98.

Shares of Delphi Automotive PLC (NYSE DLPH) traded down $0.16 during trading on Friday, hitting $99.22. The stock had a trading volume of 230,228 shares, compared to its average volume of 1,550,400. The company has a market cap of $26.40 billion, a price-to-earnings ratio of 14.63 and a beta of 1.37.

Delphi Automotive PLC (NYSE:DLPH) last announced its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.10. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.10 billion. Delphi Automotive PLC had a return on equity of 57.92% and a net margin of 8.00%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $1.50 earnings per share. analysts predict that Delphi Automotive PLC will post 6.72 EPS for the current fiscal year.

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In other news, Director Gary L. Cowger sold 8,500 shares of Delphi Automotive PLC stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $98.43, for a total transaction of $836,655.00. Following the sale, the director now owns 29,960 shares of the company’s stock, valued at $2,948,962.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Vos Glen W. De sold 2,100 shares of Delphi Automotive PLC stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $91.35, for a total value of $191,835.00. Following the sale, the senior vice president now directly owns 22,994 shares in the company, valued at approximately $2,100,501.90. The disclosure for this sale can be found here. Insiders sold 19,075 shares of company stock worth $1,903,025 in the last three months. 0.31% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Delphi Automotive PLC by 1.8% during the second quarter. Vanguard Group Inc. now owns 21,839,159 shares of the auto parts company’s stock valued at $1,914,202,000 after buying an additional 382,272 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Delphi Automotive PLC by 2.5% during the second quarter. BlackRock Inc. now owns 17,315,076 shares of the auto parts company’s stock valued at $1,517,667,000 after buying an additional 422,074 shares during the last quarter. Longview Partners Guernsey LTD raised its holdings in shares of Delphi Automotive PLC by 4.5% during the third quarter. Longview Partners Guernsey LTD now owns 10,211,866 shares of the auto parts company’s stock valued at $1,004,848,000 after buying an additional 439,200 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Delphi Automotive PLC by 705.4% during the second quarter. Janus Henderson Group PLC now owns 5,504,770 shares of the auto parts company’s stock valued at $482,510,000 after buying an additional 4,821,278 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in shares of Delphi Automotive PLC by 43.7% during the second quarter. Artisan Partners Limited Partnership now owns 4,435,030 shares of the auto parts company’s stock valued at $388,730,000 after buying an additional 1,348,013 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors.

Delphi Automotive PLC Company Profile

Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.

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