In a report released today, Noah Kaye from Oppenheimer maintained a Buy rating on Delphi Technologies PLC (DLPH), with a price target of $27. The company’s shares closed yesterday at $15.33, close to its 52-week low of $15.16.
Kaye commented:
“Yesterday DLPH hosted investors at its Kokomo, IN, facility to highlight the company’s capabilities for electronics in automotive propulsion, including power electronics for hybrids and EVs. We came away incrementally positive on DLPH’s positioning in PE, which we believe could approach $1B of sales by the mid-2020s if EV volumes materialize. DLPH remains committed to investment-mode spending as PE and GDi sales ramp to support recent bookings momentum; this contributes to near-term margin and FCF challenges that have weighed on shares, but in our view bolsters DLPH’s long-term strategic position. We expect this point to be underscored when DLPH presents at CES next month.”
According to TipRanks.com, Kaye is a 3-star analyst with an average return of 2.2% and a 51.2% success rate. Kaye covers the Basic Materials sector, focusing on stocks such as Advanced Disposal Services Inc, Waste Connections Inc, and Republic Services.
Currently, the analyst consensus on Delphi Technologies PLC is a Moderate Buy with an average price target of $24.79.
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Delphi Technologies PLC’s market cap is currently $1.36B and has a P/E ratio of 4.88. The company has a Price to Book ratio of 6.68.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DLPH in relation to earlier this year.
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Delphi Technologies PLC engages in the development, design, and manufacture of integrated powertrain technologies. It operates through the following segments: Powertrain Systems, and Eliminations and Others.
