Oppenheimer Thinks Delphi Technologies PLC’s Stock is Going to Recover
In a report released today, Noah Kaye from Oppenheimer maintained a Buy rating on Delphi Technologies PLC (NYSE: DLPH). The company’s shares closed yesterday at $29.86, close to its 52-week low of $29.53.
According to TipRanks.com, Kaye is a 4-star analyst with an average return of 5.0% and a 53.5% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Caterpillar, and BorgWarner.
Delphi Technologies PLC has an analyst consensus of Strong Buy, with a price target consensus of $52.25.
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Based on Delphi Technologies PLC’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.23 billion and net profit of $86 million. In comparison, last year the company earned revenue of $1.21 billion and had a net profit of $78 million.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock.
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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.