Oppenheimer Thinks Delphi Technologies PLC’s Stock is Going to Recover


Oppenheimer analyst Noah Kaye maintained a Buy rating on Delphi Technologies PLC (DLPH) today. The company’s shares opened today at $15.61, close to its 52-week low of $13.18.

According to TipRanks.com, Kaye is a 4-star analyst with an average return of 2.7% and a 53.2% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Caterpillar, and BorgWarner.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Delphi Technologies PLC with a $23.15 average price target, representing a 48.3% upside. In a report issued on January 4, Barclays also maintained a Buy rating on the stock with a $20 price target.

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Based on Delphi Technologies PLC’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.16 billion and net profit of $39 million. In comparison, last year the company earned revenue of $1.29 billion and had a net profit of $56 million.

Based on the recent corporate insider activity of 64 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.

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.

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