Morningstar gives Delphi Automotive “BBB” rating

Delphi

Delphi Automotive PLC has earned a “BBB” credit rating from analysts at Morningstar. The investment 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 firms have also recently commented on DLPH. 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 reiterated a “buy” rating on shares of Delphi Automotive PLC in a research note on Monday, March 2nd. 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. Finally, analysts at Deutsche Bank reiterated a “buy” rating and set a US$92.00 price target (up previously from US$90.00) on shares of Delphi Automotive PLC in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Delphi Automotive PLC currently has a consensus rating of “Buy” and an average target price of US$84.83.

Delphi Automotive PLC opened at 79.09 on Friday. Delphi Automotive PLC has a one year low of US$58.23 and a one year high of US$82.24. The stock’s 50-day moving average is US$75 and its 200-day moving average is US$70. The company has a market cap of US$22.96 billion and a price-to-earnings ratio of 17.65.

Delphi Automotive PLC (NASDAQ:DLPH) last released its earnings data on Thursday, February 5th. The company reported US$1.32 earnings per share for the quarter, beating the analysts’ consensus estimate of US$1.28 by $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 last year, the company posted US$1.12 earnings per share. Delphi Automotive PLC’s revenue was down 7% compared to the same quarter last year. Analysts expect that Delphi Automotive PLC will post US$5.49 EPS for the current fiscal year.