Piper Jaffray Initiates Coverage on Delphi Automotive PLC to Overweight

Piper Jaffray Initiates Coverage on Delphi Automotive PLC(NYSE:DLPH). The shares have been rated Overweight. The rating by Piper Jaffray was issued on Jun 9, 2016.

In a different note, On Jun 6, 2016, Goldman Sachs said it Maintains its rating on Delphi Automotive PLC. In the research note, the firm Lowers the price-target to $130.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 18, 2016, Citigroup said it Maintains its rating on Delphi Automotive PLC. In the research note, the firm Raises the price-target to $83.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 15, 2016, UBS said it Upgrades its rating on Delphi Automotive PLC. The shares have been rated ‘Buy’ by the firm.

Delphi Automotive PLC (DLPH) made into the market gainers list on Wednesdays trading session with the shares advancing 1.07% or 0.7 points. Due to strong positive momentum, the stock ended at $65.85, which is also near the day’s high of $66.8. The stock began the session at $65.43 and the volume stood at 14,52,736 shares. The 52-week high of the shares is $90.57 and the 52 week low is $55.59. The company has a current market capitalization of $17,976 M and it has 27,29,77,050 shares in outstanding.

Delphi Automotive PLC(DLPH) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $4.05B. Analysts had an estimated revenue of $4.08B. Earnings per share were $1.36. Analysts had estimated an EPS of $1.34.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Allan J Brazier (Chief Accounting Officer) sold 6,551 shares at $72.00 per share price.Also, On Mar 16, 2016, David M Sherbin (SVP, GC & Secretary) sold 19,726 shares at $70.06 per share price.On Mar 16, 2016, James A Spencer (EVP, Operations) sold 23,211 shares at $69.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Delphi Automotive PLC is a vehicle components manufacturer. The Company provides electrical and electronic powertrain and safety solutions to the automotive and commercial vehicle markets. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems and Electronics and Safety. The Company’s Electrical/Electronic Architecture segment provides design of the vehicle’s electrical architecture including connectors wiring assemblies and harnesses electrical centers and hybrid high voltage among others. Its Powertrain Systems segment provides systems integration of gasoline and diesel engine management systems. Its Electronics and Safety segment provides components systems and software for passenger safety security and infotainment as well as vehicle operation including body controls reception systems infotainment and connectivity systems hybrid vehicle power electronics passive and active safety electronics displays and mechatronics.

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