Delphi Automotive PLC Given BBB Credit Rating by Morningstar

Delphi-Automotive-systems

Delphi Automotive PLC has been given a “BBB” credit rating by Morningstar. The research firm’s “BBB” rating suggests that the company is a moderate default risk. They also gave their stock a two star rating.

A number of other analysts have also recently weighed in on DLPH. Analysts at Buckingham Research downgraded shares of Delphi Automotive PLC from a “buy” rating to a “neutral” rating in a research note on Monday, March 9th. Analysts at Northcoast Research initiated coverage on shares of Delphi Automotive PLC in a research note on Tuesday, March 3rd. They set a “neutral” rating on the stock. Analysts at Credit Suisse Group AG reiterated a “buy” rating on shares of Delphi Automotive PLC in a research note on Monday, March 2nd. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Delphi Automotive PLC from US$88.00 to US$93.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Delphi Automotive PLC currently has a consensus rating of “Buy” and a consensus price target of $85.36.

Shares of Delphi Automotive PLC opened at 77.49 on Friday. Delphi Automotive PLC has a 52-week low of US$58.23 and a 52-week high of $82.24. The stock has a 50-day moving average of US$78 and a 200-day moving average of US$71. The company has a market cap of $22.49 billion and a P/E ratio of 17.30.

Delphi Automotive PLC (NASDAQ:DLPH) last announced its earnings results on Thursday, February 5th. The company reported US$1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of US$1.28 by US$0.04. The company had revenue of US$4.20 billion for the quarter, compared to the consensus estimate of US$4.25 billion. During the same quarter in the previous year, the company posted US$1.12 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts predict that Delphi Automotive PLC will post US$5.43 earnings per share for the current fiscal year. – Mideast Times