Delphi Automotive PLC (DLPH) was Initiated by Seaport Global Securities to “Buy”. Seaport Global Securities advised their investors in a research report released on Aug 9, 2016.
Many Wall Street Analysts have commented on Delphi Automotive PLC. Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 74 from a previous price target of $70 .Piper Jaffray Initiated Delphi Automotive PLC on Jun 10, 2016 to “Overweight”, Price Target of the shares are set at $82.
On the company’s financial health, Delphi Automotive PLC reported $1.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.55. The company had revenue of $4206.00 million for the quarter, compared to analysts expectations of $4209.87 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS.
Delphi Automotive PLC closed down -0.29 points or -0.44% at $65.68 with 15,20,045 shares getting traded on Monday. Post opening the session at $66.16, the shares hit an intraday low of $65.64 and an intraday high of $66.88 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.