The Royal Bank of Canada has raised the price target of the Delphi Automotive (NYSE:DLPH) stock from $87.00 to $93. This was revealed in a research note recently. The note also mentions that the stock is currently “outperform”. On Wednesday morning, the Delphi Automotive stock was trading at $78.72, up 0.68 percent, but way below the price target of $93. Historically, it reached a high of $89.16 in June 2015.
Based out of Kent in the United Kingdom, Delphi is one of the largest automotive parts makers in the world. Established in 1994, the business now employs more than 160,000 workers.
Many Equity Research Analysts Publish Reports of Delphi Automotive
Not just the Royal Bank of Canada, other analysts too have come out with their reports on the business. Barclays PLC has given it an “overweight” rating and set a price target of $87. Wells Fargo says the stock is “outperform” while they moved up the price target from $80 to $84. But the most positive report is from Deutsche Bank. They have moved the price target from $88 to $99 while maintaining the “buy” rating.
Vetr, however, has gone the other way. They have lowered their Delphi Automotive rating from a “buy” to “hold”. Their research paper says the price target for this stock is $68.69. Northcoast Research has given the stock a “neutral” rating in their paper. KeyCorp is also saying that the stock is “overweight”.
In total, fourteen equity analysts have given the Delphi Automotive stock a buy rating, with one of them saying it is a “strong buy”. Three equity research firms have given it a “hold” rating, while two are asking their investors to sell the stock.
At this time, the stock has an average rating of “buy” and an average price target of $84.42.
Delphi Automotive Financials
The business announced their quarterly earnings data recently. They have reported an EPS of $1.83 for the quarter, which is better than the estimate of $1.60. Last year, in the same period, Delphi Automotive (NYSE:DLPH) posted an EPS of $1.39. The expected EPS in this fiscal year is $6.53.
Their return on equity stands at 61.96% and net margin is 7.54 percent. In the quarter, the business earned a total of $4.31 billion, which again was more than the estimated figure of $4.15 billion. Their quarterly revenue too has gone up by 11.2 percent over the same period of last year.