Stock Update (NYSE:DLPH): Delphi, Linamar to build new plants in Morocco-minister

[Reuters] – Canada’s Linamar Corp will build a 2.7 billion dirhams plant in Morocco to make engines’ parts, Moroccan industry minister said on Monday. Moulay Hafid Elalamy said U.S. auto parts maker Delphi will also … Read more on this. Delphi Automotive PLC (DLPH) , with a current value of $17.37B, opened at $63.49. During the trading session, DLPH traded between $62.97 to $64.98 with the price of the stock fluctuating between $55.59 to $88.89 over the last 52 weeks. Priced at 10.52x this year’s forecasted earnings, DLPH shares are relatively inexpensive compared to the industry’s 25.07x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.16 per share annually in dividends, yielding 1.82%. According to a consensus of 17 analysts, the earnings estimate of $1.55 per share would be $0.21 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $6.05 is a $0.83 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.22 Billion. If realized, that would be a 9.33% increase over the year-ago quarter. More recently, Piper Jaffray Initiated DLPH at Overweight (Jun 10, 2016). Previously, UBS upgraded DLPH from Neutral to Buy. The average price target for DLPH shares by the analysts covering the stock is $88.40, which is 39.23% above where the stock opened this morning. See more in (NYSE:DLPH) Similar Articles: Stock Update: Delphi Automotive PLC (NYSE:DLPH) – Delphi Declares Quarterly Dividend Market Update: Delphi Automotive PLC (NYSE:DLPH) – Delphi to Discuss Q1 2016 Financial Results on May 4 Stock Update: Delphi Automotive PLC (NYSE:DLPH) – Delphi to Present at the Bank of America Merrill Lynch 2016 Auto Summit