Delphi Automotive PLC (DLPH) is Downgraded by Morgan Stanley to Underweight

Delphi Automotive PLC (DLPH) was Downgraded by Morgan Stanley to ” Underweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Nov 29, 2016.

Many Wall Street Analysts have commented on Delphi Automotive PLC. Delphi Automotive PLC was Initiated by Berenberg to “Hold” on Nov 22, 2016. Delphi Automotive PLC was Downgraded by BofA/Merrill to ” Underperform” on Nov 9, 2016.

On the company’s financial health, Delphi Automotive PLC reported $1.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $1.43. The company had revenue of $4091.00 million for the quarter, compared to analysts expectations of $3990.63 million. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.

Delphi Automotive PLC opened for trading at $67.47 and hit $68.15 on the upside on Friday, eventually ending the session at $67.52, with a gain of 0.69% or 0.46 points. The heightened volatility saw the trading volume jump to 5,34,687 shares. Company has a market cap of $18,287 M.

In a different news, on Jun 23, 2016, James A Spencer (EVP, Operations) sold 56,493 shares at $70.05 per share price. According to the SEC, on Mar 16, 2016, Allan J Brazier (Chief Accounting Officer) sold 6,551 shares at $72.00 per share price. On Mar 16, 2016, David M Sherbin (SVP, GC & Secretary) sold 19,726 shares at $70.06 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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