Delphi Automotive PLC (DLPH) is Reiterated by RBC Capital Mkts to Outperform, Lowers Price Target to $ 81

Delphi Automotive PLC (DLPH) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 81 from a previous price target of $82 . RBC Capital Mkts advised their investors in a research report released on Apr 14, 2016.

Many Wall Street Analysts have commented on Delphi Automotive PLC. UBS Upgraded Delphi Automotive PLC on Mar 15, 2016 to ” Buy”, Price Target of the shares are set at $88.Shares were Reiterated by RBC Capital Mkts on Feb 5, 2016 to “Outperform” and Lowered the Price Target to $ 76 from a previous price target of $84 .Shares were Reiterated by Barclays on Jan 25, 2016 to “Overweight” and Lowered the Price Target to $ 88 from a previous price target of $105 .

On the company’s financial health, Delphi Automotive PLC reported $1.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $1.38. The company had revenue of $3879.00 million for the quarter, compared to analysts expectations of $3791.01 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS.

Delphi Automotive PLC opened for trading at $72.23 and hit $73.24 on the upside on Monday, eventually ending the session at $72.62, with a gain of 1.44% or 1.03 points. The heightened volatility saw the trading volume jump to 22,99,845 shares. Company has a market cap of $20,154 M.

In a different news, on Mar 16, 2016, Allan J Brazier (Chief Accounting Officer) sold 6,551 shares at $72.00 per share price. According to the SEC, on Mar 16, 2016, David M Sherbin (SVP, GC & Secretary) sold 19,726 shares at $70.06 per share price. On Mar 16, 2016, James A Spencer (EVP, Operations) sold 23,211 shares at $69.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Delphi Automotive PLC is a vehicle components manufacturer. The Company provides electrical and electronic powertrain and safety solutions to the automotive and commercial vehicle markets. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems and Electronics and Safety. The Company’s Electrical/Electronic Architecture segment provides design of the vehicle’s electrical architecture including connectors wiring assemblies and harnesses electrical centers and hybrid high voltage among others. Its Powertrain Systems segment provides systems integration of gasoline and diesel engine management systems. Its Electronics and Safety segment provides components systems and software for passenger safety security and infotainment as well as vehicle operation including body controls reception systems infotainment and connectivity systems hybrid vehicle power electronics passive and active safety electronics displays and mechatronics.

Delphi Automotive PLC

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