Q2 STOCKS TO BUY

Delphi Technologies Stock Gains After New "Buy" Rating

Analysts have been split toward DLPH, but Goldman sees promise

Managing Editor
Jun 13, 2019 at 9:33 AM
facebook X logo linkedin


Auto parts manufacturer Delphi Technologies PLC (NYSE:DLPH) is off to a great start this morning, last seen up 0.2% at $17.83, after receiving a fresh bull note from Goldman Sachs. The brokerage firm handed out an upgrade to "buy" from "neutral," but issued a price-target cut to $24 -- still a 35% premium to Wednesday's close. An analyst at Goldman said despite the company's previous "challenges," it sees "idiosyncratic margin and FCF expansion as we progress into 2020."

Overall, analysts have been almost evenly split regarding DLPH, with seven "strong buy" and six "hold" ratings on the books coming into today. Meanwhile, the stock's consensus 12-month price target stands at $26, a 46% premium to current levels.

Elsewhere, the security's Schaeffer's Volatility Scorecard (SVS) reading comes in at an elevated 98 out of a possible 100, suggesting the equity has consistently made outsized moves over the past year, compared to what the options market priced in. This is typically a boon to premium buyers, though DLPH's options pits have been relatively quiet of late.

On the charts, Delphi stock has struggled long term. Over the past 12 months, the shares of the manufacturer have shed 66%, ushered lower by their 200-day moving average. The stock has, however, made headway from its December lows, last seen 34% above this record-low territory.
 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter