Delphi Technologies (NYSE:DLPH) Downgraded by Deutsche Bank

Delphi Technologies (NYSE:DLPH) was downgraded by equities researchers at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued on Tuesday, MarketBeat Ratings reports. They presently have a $11.00 price target on the stock, down from their prior price target of $14.00. Deutsche Bank’s target price would indicate a potential downside of 3.17% from the company’s current price.

A number of other research firms also recently weighed in on DLPH. Barclays downgraded Delphi Technologies from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $23.00 to $13.00 in a research note on Monday, November 4th. Royal Bank of Canada restated a “hold” rating and issued a $15.00 price target on shares of Delphi Technologies in a research note on Sunday, December 22nd. Guggenheim started coverage on Delphi Technologies in a research note on Tuesday, October 15th. They issued a “neutral” rating for the company. Morgan Stanley decreased their price target on Delphi Technologies from $14.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. Finally, Oppenheimer downgraded Delphi Technologies from an “outperform” rating to a “market perform” rating and set a $20.00 target price for the company. in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $20.15.

Delphi Technologies stock traded up $0.08 during midday trading on Tuesday, reaching $11.36. The stock had a trading volume of 149,924 shares, compared to its average volume of 805,063. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.93 and a current ratio of 1.35. The firm’s fifty day simple moving average is $12.65 and its 200-day simple moving average is $14.29. The stock has a market capitalization of $970.89 million, a P/E ratio of 2.59, a price-to-earnings-growth ratio of 0.60 and a beta of 2.91. Delphi Technologies has a 1-year low of $10.85 and a 1-year high of $26.82.

Delphi Technologies (NYSE:DLPH) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.56 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.56. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. Delphi Technologies had a return on equity of 52.54% and a net margin of 4.29%. The business’s revenue was down 10.9% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. On average, sell-side analysts anticipate that Delphi Technologies will post 2.3 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE lifted its holdings in Delphi Technologies by 32.7% during the 2nd quarter. US Bancorp DE now owns 4,847 shares of the company’s stock worth $97,000 after purchasing an additional 1,195 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Delphi Technologies by 1.6% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 91,320 shares of the company’s stock worth $1,826,000 after purchasing an additional 1,450 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Delphi Technologies by 12.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,199 shares of the company’s stock worth $177,000 after purchasing an additional 1,474 shares during the last quarter. Glen Harbor Capital Management LLC lifted its holdings in Delphi Technologies by 16.6% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 13,442 shares of the company’s stock worth $269,000 after purchasing an additional 1,914 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in Delphi Technologies during the 2nd quarter worth approximately $47,000. Institutional investors own 87.46% of the company’s stock.

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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