Top25-SA-Banner

Oppenheimer Initiates a Hold Rating on Delphi Technologies PLC


Oppenheimer analyst Noah Kaye initiated coverage with a Hold rating on Delphi Technologies PLC (NYSE: DLPH) today. The company’s shares opened today at $52.96.

Kaye observed:

“We view Delphi (DLPH) as a leading vehicle propulsion solutions provider benefiting from the global trend toward higher fuel efficiency and lower emissions. We see significant bookings growth momentum, ample self-help opportunities, and a diversifying portfolio of solutions that should enable Delphi to participate in the growth of vehicle electrification. While we believe management’s current long-term outlook may be conservative, upward revision potential may already be reflected in consensus estimates while the shares trade at a premium to the peer group. Accordingly, we initiate coverage at Perform and would become more constructive either on a pullback or on indicators of meaningfully higher growth vs. prior targets.”

According to TipRanks.com, Kaye is a 4-star analyst with an average return of 5.0% and a 51.2% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, BorgWarner, and Cummins.

Delphi Technologies PLC has an analyst consensus of Moderate Buy, with a price target consensus of $62.67.

See today’s analyst top recommended stocks >>

Based on Delphi Technologies PLC’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.3 billion and net profit of $98 million. In comparison, last year the company earned revenue of $1.17 billion and had a net profit of $103 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.